One week after bolting The Charles Schwab Corp., following a reorganization in which he appeared to be sidelined, Charles Goldman has accepted a senior job with broader responsibilities at its major competitor, Fidelity Investments.
Goldman, 47, will join Boston-based Fidelity in January in the newly created position of president of institutional platforms.
He will oversee its National Financial Services broker-dealer clearing business, its registered investment adviser unit known as institutional wealth services and its newer efforts to sell clearing and custody services to family wealth management offices and hybrid brokers who sell both commission- and fee-based products.
The businesses include between 2,000 and 3,000 employees, and are a bulky part of the institutional products group that fuels more than half of Fidelitys daily commissionable trades and 40% of its assets under administration.
The full story is available at the Investment News web-site.
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