Fidelity Investments, the nation's third-largest mutual fund company, on Tuesday named William C. Carey president of its brokerage arm Fidelity Registered Investment Advisor Group.

Carey, 44, previously oversaw the Boston-based fund company's 401(k) plan provider Fidelity Institutional Retirement Services. He will report to Ellyn A. McColgan, president of the Fidelity Brokerage Co.

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