Never miss a story — sign up for PLANSPONSOR newsletters to keep up on the latest retirement plan benefits news.
Clark Steps Down from Fidelity Post
Fidelity spokesman Steve Austin said Clark made the move “for medical reasons,” but refused to elaborate, citing restrictions on publicly discussing personnel matters.
Austin said Clark was taking a leave of absence, but declined to provide more details about whether Clark was expected to return to the Boston-based investment giant. Clark will remain available toFidelity president Rodger Lawson for consultations, Austin said.
Replacing Clark is Gerry McGraw, who has run the institutional products area’s operations and services unit. Clark has been with Fidelity since October 2007.
The institutional products group includes the firm’s National Financial securities clearing unit, its Institutional Wealth Services custody business for independent advisers, its family office business, and its risk and brokerage technology functions.
You Might Also Like:
E*TRADE Launches Planning Center for Equity Compensation Plan Participants
ERISA Stock Drop Challenge Targets Allergan
The firm is being challenged in a New Jersey district court for alleged imprudence in the management of its employee...
Lehman Stock Drop Suit Passed Over By Supreme Court
The high court will not offer another review to the long-running case, letting stand a lower court ruling that effectively...