Barnett Banks Inc. has hired a former Fidelity Investments executive to run its rapidly expanding brokerage unit.

Robert K. MacKenzie was named president and chief executive of Barnett Securities Inc., the Jacksonville, Fla.-based company announced Monday. Until a few weeks ago, Mr. MacKenzie had run Fidelity Brokerage Services Inc., where he expanded the mutual fund giant's network of storefront offices from 45 to 79.

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