BOSTON — Fidelity Investments has hired Jeffrey R. Carney as president of its Canadian unit.

Mr. Carney, who will join Fidelity today, was an executive vice president at Toronto-Dominion Bank, where he was in charge of the full-service retail branch distribution of investment products, including mutual funds. Before that he had worked for Merrill Lynch & Co.

He will succeed David F. Denison, who became president of Fidelity Investments Institutional Brokerage Group in October.

Fidelity’s Canadian division manages $37 billion of assets in mutual funds sold through investment advisers and financial institutions across Canada.

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