Fidelity Hires Cieszko as Institutional Services Chief

Fidelity Investments has hired former Evergreen Investments Chief Executive Officer Peter Cieszko as president of Fidelity Investments Institutional Services Company. In his new role, Cieszko will manage $272 billion in assets and oversee 44,000 advisers. He will report to Michael K. Clark, president of Fidelity Institutional Products Group.

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