Daniel Petrozzo has been named new chief information officer at Fidelity Investments
, and Ronald E. DePoalo is now CIO of the firms institutional products division.
Petrozzo is the former co-global chief information officer and head of Enterprise Infrastructure atMorgan Stanley
. He reports to Marvin Adams, president, Fidelity Shared Services. The shared services group includes Fidelity Technology Group, Fidelity Enterprise Operations, Fidelity Security, Fidelity Consulting Group and Fidelity Real Estate Company.
DePoalo is the new chief information officer of Fidelity Institutional Products Group and will report to group President Michael K. Clark, as well as Petrozzo. He was formerly managing director, chief technology officer for Merrill Lynch's Global Wealth Management. The Fidelity Institutional Products Group includes Fidelity Institutional Services Company, Fidelity Institutional Wealth Services, National Financial and Fidelity Capital Markets Services.
In all, Fidelity Investments has $3.4 trillion in custodied AUM and managed assets of $1.6 trillion as of May 31.