Fidelity Investments has named Rodger A. Lawson, a longtime executive with Prudential Financial, president of the firm’s holding company, FMR Corp.
Up until the spring, when he stepped down from the post, Lawson was most recently vice chairman at Prudential, responsible for the international insurance and investments division. Before that, he was executive vice president at the firm. Prior to joining Prudential in 1996, he was president and chief executive officer of VanEck Global and president and chief executive officer of global private banking and mutual funds for Bankers Trust.
Lawson is returning to Fidelity, as he headed the company’s retail operations as managing director and chief executive officer from 1985 to 1991. Before that, he was president and chief executive officer of Dreyfus Service Corp.
Lawson will assume his new post on Aug. 6 and report to Fidelity Chairman and Chief Executive Officer Edward C. Johnson. Since leaving Fidelity, Johnson said, Lawson “has significantly broadened his experience at Prudential and elsewhere, and we believe he is the right person for the job.”
While Johnson will continue to oversee Fidelity Management & Research Co., Pyramis Global Advisors, Devonshire Investors and the firm’s administrative function, Lawson will be in charge of Fidelity Employer Servcies Co., Fidelity Investments Distributions and Operations Co. and Fidelity Technology Group.