|
|
Article: Fidelity aims to fix retail unit with new chief Fund firm also plans to develop and sell software for business
- Article from:
- The Boston Globe (Boston, MA)
- Article date:
- September 17, 1996
- Author:
CopyrightCopyright 1996 The Boston Globe. Provided by ProQuest LLC. (Hide copyright information)
|
Fidelity Investments yesterday put Paul Hondros, a senior
executive with a reputation as a "fix-it man," in charge of its
flagging retail business.
The mutual fund company said Hondros, 48, will become president of
its retail group, overseeing funds that are sold directly to the
public. Hondros previously was in charge of the separate family of
Fidelity funds sold through brokers, banks and financial planners.
"Hondros is viewed as a fix-it man," said David O'Leary,
president of Alpha Equity Research Inc., a New Hampshire firm that
tracks Fidelity. "He did a magnificent job where he was."
The previous retail boss, Mark Peterson, 55, was named head
of an expanded technology group. ...