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Fidelity Investments launches finance, brokerage operations team

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Fidelity Investments launches finance, brokerage operations team

Fidelity Investments on April 6 said it created a finance andbrokerage operations team and announced new roles for two of the company's seniorleaders as part of an executive transition.

The changes are effective immediately.

Fidelity Institutional President Gerard McGraw was named CFOof FMR LLC and will headup the new finance and brokerage operations segment. Fidelity CFO Alan Scheuer willretire from the company at the end of the quarter.

In addition, Fidelity Institutional Asset Management PresidentJeffrey Lagarce was named president of Fidelity Institutional.

Fidelity and Fidelity Investments are registered service marksof FMR LLC.