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