Mutual fund giant Fidelity Investments has turned to the nation's largest bank to fill a key a position in its retail business, signaling that bank brokerage programs have come of age.

J. Peter Benzie Jr., president of Chase Manhattan Investment Services, resigned this week to take a high-level post at Boston-based Fidelity. As an executive vice president in charge of Fidelity's retail customer services group, Mr. Benzie will oversee the company's 82 retail offices in 30 states across the country.

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