Industry

Fidelity Investments has selected James Catudal to run the $6.24 billion Fidelity Growth and Income Portfolio Fund, succeeding Timothy M. Cohen.

Fidelity Hires Cieszko as Institutional Services Chief

Large asset management mergers and acquisitions deals will likely occur this year, according to a report from Jefferies Putnam Lovell, as firms take advantage of distressed sales and divestitures.

Talk about leaving with an impression. The likely legacy of Securities and Exchange Commission Chairman Christopher Cox, when he steps down this year after taking on the position in 2005, is likely to be that of ineffectiveness during the worst economic period since the Great Depression, The Wall Street Journal reports.

Fidelity Investments has named former Evergreen Investments Chief Executive Officer Peter Cieszko to become the president of Fidelity Investments Institutional Services Company.

Paul Mazzilli, formerly executive director and head of the exchange-traded fund research team at Morgan Stanley, has joined IndexIQ as senior advisor, in charge of developing products for high-net-worth investors.

Neuberger Berman Names Non-Executive Chair, CEO

Most executives wouldn't consider themselves "fortunate" if they took over one of the largest fund companies weeks before an historic market collapse.

Susan Markel, chief accountant for the Securities and Exchange Commission's enforcement division, will leave the agency in January after 14 years of service to become a managing director in the corporate investigations practice of AlixPartners LLP, a global business advisory firm.

Global research firm Morningstar has acquired U.K.-based Tenfore Systems, a privately owned provider of market data feeds and technology, for $20.9 million.