What Happened?
Boston, MA-based Fidelity Investments appointed Ronald DePoalo as Chief Information Officer.
About the Company
At Fidelity, our goal is to make financial expertise broadly accessible and effective in helping people live the lives they want. We do this by focusing on a diverse set of customers: - from 23 million people investing their life savings, to 20,000 businesses managing their employee benefits to 10,000 advisors needing innovative technology to invest their clients` money. We offer investment management, retirement planning, portfolio guidance, brokerage, and many other financial products. Privately held for nearly 70 years, we`ve always believed by providing investors with access to the information and expertise, we can help them achieve better results. That`s been our approach- innovative yet personal, compassionate yet responsible, grounded by a tireless work ethic—it is the heart of the Fidelity way.
About the Person
Ronald E. DePoalo, former managing director and chief technology officer for Merrill Lynch Global Wealth Management, was hired as chief information officer of Fidelity Institutional Products Group. DePoalo will report to Michael K. Clark, president of Fidelity Institutional Products Group, and Petrozzo. DePoalo comes to Fidelity from Merrill Lynch, where he most recently served as managing director and chief technology officer for Global Wealth Management. In this position, DePoalo led Merrill Lynch's technology personnel globally for all Global Wealth Management Business Units. DePoalo began his career at Merrill Lynch more than 20 years ago and over the years was promoted into roles of increasing responsibility and leadership in Fixed Income, Equities, Transaction and Custody Services, Research, and Investment Banking. In addition to holding a number of global roles, he also spent two years in London. In 2007, DePoalo was awarded CIO Magazine's 100 plus award. He also maintained the No. 1 ranking in technology by the annual registered rep survey.
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