Fidelity Names New CFO – CFO

Fidelity Investments named Maggie Serravalli as main economical officer. Serravalli, who is fifty six several years previous, was most a short while ago govt vice president at the company’s healthcare group.

Serravalli will oversee finance in addition to tax, treasury, human resources, serious estate, governing administration relations, and company communications teams, according to a notice chairman Abigail Johnson sent to staff on Monday.

“Maggie’s history is wide and assorted, which will serve her nicely in her new part,” Johnson wrote in a notice to staff. “She has led world wide teams, operate operations groups, overseen cross-enterprise packages, managed key shopper associations, and invested appreciable time mentoring leaders throughout the business, all of which have sharpened and honed her management capabilities.”

Serravalli joined Fidelity in 2007 from JPMorgan Chase where she served as controlling director for 7 several years. Before that, she was controlling director at Chase Manhattan Bank.

Serravalli replaces Gerard McGraw. McGraw began at Fidelity in 1996 and was promoted to CFO in April 2016 after pretty much 7 several years as president of Fidelity Institutional. He will remain head of Fidelity’s legal and enterprise-possibility teams and chair the audit committee on the board of parent company FMR.

Fidelity a short while ago produced fourth-quarter earnings that climbed from the exact time period past year. The company’s revenue for the quarter rose 39.six% to $2.36 billion from $1.69 billion past year.

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