Paul J. Hondros, Fidelity Investments' point man for the financial advisers market, was named head of the mutual fund giant's coveted retail business, Fidelity announced Monday.

As president of Fidelity Investments Retail Group, Mr. Hondros, 48, will be responsible for all marketing, sales, distribution, service, and processing of the company's no-load funds. He succeeds Mark A. Peterson, 55, who was named president of a new commercial technology company, Fidelity Technologies.

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