Fidelity Investments said it has hired John F. McNamara, chief operating officer of United Asset Management Corp., to be chairman and president of its trust company.

Mr. McNamara, 56, succeeds Denis M. McCarthy as head of Fidelity Management Trust Co., which services $54.5 billion of assets for corporate and public employee retirement funds, endowments, foundations, and other institutions.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.