Sunday, 22nd November 2009

 

2 July 2008 - Press Briefing

Fidelity taps Merrill wealth unit for CIO

Fidelity Investments on Tuesday announced that it has recruited Ronald DePoalo, former managing director and chief technology officer for Merrill Lynch Global Wealth Management, as chief information officer of Fidelity Institutional Products Group.

DePoalo will report to Michael K. Clark, president of Fidelity Institutional Products Group, and Daniel Petrozzo, the firm’s new chief information officer, according to a report in Wall Street & Technology.

Petrozzo joins from Morgan Stanley where he served as co-global chief information officer and head of enterprise infrastructure.

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Brummel

Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

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