Fidelity Investments has named Ellyn McColgan president of its brokerage division, replacing Kevin Kelly, who has taken an indefinite leave of absence from the company to deal with a serious illness in his immediate family.

Kelly had been the president of Fidelity Brokerage Co. since March 2001 and has been with Fidelity since 1995. McColgan previously led Fidelity’s intermediary services division.

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