mPower Founding President Joins FIRSCO

December 30, 2003 (PLANSPONSOR.com) - The founding president of online advice company mPower has signed on as executive vice president of marketing for Fidelity Institutional Retirement Services Company (FIRSCO).

According to a news release, Stephen Deschenes will oversee marketing and product development efforts for Fidelity’s 401(k) business and report to FIRSCO President William Carey.

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Prior to joining Fidelity, Deschenes founded Bow Street Capital, a venture capital firm, and was the founding president of mPower. Morningstar hammered out a deal in May to acquire the San Francisco-based mPower (See Morningstar Bulks Up with mPower Acquisition ).

Deschenes has also worked with various firms in the media industry, including Gruner & Jahr and Time Warner/Time Inc., the announcment said. He is a graduate of Harvard University.

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