Peter Cieszko, president of Fidelity Investments Institutional Services, the distribution arm of Fidelity, is leaving at the end of the year to “pursue other opportunities,” Vin Loporchio, a company spokesman said.

He will be replaced by Scott Couto, executive vice president of investment product management, who reported to Cieszko, as interim head of the division. Fidelity is actively seeking a replacement for Cieszko.

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