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Fidelity Names Former Schwab Executive To Lead New Institutional Brokerage Platform Business

Schwab Institutional's Charles Goldman has jumped to Fidelity to run Institutional Platforms for Fidelity Institutional Product Group.

Taking advantage of the turbulence many firms are experiencing, Fidelity Investments nabbed Charles G. Goldman, former EVP and head of Schwab Institutional, as its new president of institutional platforms for the Fidelity Institutional Products Group. Goldman, who will join Fidelity in early 2009, will be responsible for developing and implementing the strategic plan for the firm's institutional platform business, which comprises Fidelity Institutional Wealth Services, National Financial and Fidelity Family Office Services. He also will have management responsibility for HybridOne, an offering designed to help firms and advisers manage their commission- and fee-based business, as well as a new international clearing initiative.

"By looking at our platform businesses holistically, and leveraging the very best of each, I am confident that we can raise the bar in each of the markets in which we compete," says Goldman.

At Schwab, Goldman was responsible for developing and implementing an accelerated growth strategy for Schwab Institutional and for running its day-to-day business operations. Previously he variously served as EVP of strategy and corporate development, SVP of corporate development, and SVP of venture capital investing.

Greg MacSweeney is editorial director of InformationWeek Financial Services, whose brands include Wall Street & Technology, Bank Systems & Technology, Advanced Trading, and Insurance & Technology. View Full Bio

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