Jeffrey Carney has joined Bank of America as president, retirement and global wealth and investment management client solutions.
Carney was previously president of Fidelity Retirement Services, in charge of defined contribution and defined benefit accounts, along with non-qualified plans and health savings accounts.
In addition, Mark Benson, central region division executive at Banc of America Investment Services, BoA’s retail brokerage, has been promoted to chief operating officer, reporting to Carney.
Before being named president of Fidelity Retirement Services, Carney was president of Fidelity Personal Investments and president of Fidelity Investments Canada. Before that, he held senior-level positions with Toronto Dominion Bank, TD Evergreen Investments, TD Securities, Company Assistance Limited and Merrill Lynch Canada.
Fidelity Retirement Services lost another high-level executive in July, Michael Sternklar, who joined Mercer Human Resource Consulting.
Replacing Carney is Scott David, formerly an executive vice president at Fidelity Retirement Services.