Ellyn McColgan has been appointed president of Fidelity Brokerage Co., the retail and institutional brokerage arm of fund giant Fidelity Investments. She previously served as president of Fidelity Financial Intermediary Services, which includes the firm's institutional services company and Fidelity Investments Canada Ltd. She replaces Kevin Kelly.

In her new role, McColgan will oversee the marketing and distribution of Fidelity's retail mutual funds, its fund supermarket, brokerage firm and a custody service for registered investment advisors. Fidelity Brokerage is responsible for $700 billion in assets and 16 million customer accounts.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.