Fidelity Hires Putnam Exec as Bank Chief

Fidelity Investments has hired a new national sales manager in its bank division, filling a position that has been open for three months.

The Boston-based fund company has named Kirk Williamson, 41, as a senior vice president to oversee a staff of 12 sales representatives who market Fidelity Advisor funds to banks' retail brokerage units.

Mr. Williamson, who was previously a marketing executive at Putnam Investments, fills a vacancy created by the departure of Andrew Olear. Mr. Olear quit Fidelity in September to run a sales and marketing unit at New England Investment Cos., Boston.

"We will continue to fill key positions in the bank services group, which is refocusing on that marketplace," said Michael Kellogg, executive vice president, bank services division.

The nation's largest fund company, which manages $476.5 billion in assets, launched the bank services unit in September, in response to criticism that it wasn't paying enough attention to banks.

Fidelity, which markets to banks through its Fidelity Investments Institutional Services Co. arm, manages $31.3 billion in assets that come from 465 community and large bank clients.

In a separate hiring, the company said it appointed Craig Huntley, 40, formerly of Marquette Trust Co., Minneapolis, to oversee sales through community bank trust departments.

He succeeds Jack Callahan, 39, who was moved to a new position within the bank division. Mr. Callahan is overseeing telemarketing, training and strategic planning.

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