Fidelity Investments has named Michael Clark, former CEO of JPMorgan’s $15 trillion Worldwide Securities Services business, to head its institutional services business. It was announced October 4 that Clark, 50, will report to Fidelity Investments president Rodger Lawson as president of Fidelity Institutional Services. The organization comprises National Financial, Capital Markets, Institutional Wealth Services, Fidelity Investments Institutional Services, all brokerage operations, and the risk and brokerage technology functions.
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