Fidelity Investments said Monday it is creating two organizations to oversee its far-flung financial services operations, hiring an outsider to run one, and naming the daughter of the company's 79-year-old CEO to run the other.
The restructuring of the 37,000-employee company will put Ronald O'Hanley, president and CEO of BNY Mellon Asset Management, in charge of Fidelity's new asset management and corporate services unit. That includes Fidelity's core mutual fund business.
Running distribution and sales of Fidelity's financial products will be Abigail Johnson, a longtime Fidelity executive and daughter of Edward "Ned" Johnson III. Abigail …
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