Fidelity Investments said Tuesday that it has promoted William C. Carey to president of its registered investment adviser unit.
Mr. Carey, 44, is a 12-year Fidelity veteran who was president of Fidelity Institutional Retirement Services Co. He succeeds Jim MacGilvray, who had been interim president of Fidelity Registered Investment Advisor Group since January when Jay Lanigan left the company to explore other opportunities.
The registered investment adviser unit supplies custody and brokerage services to about 2,750 advisers and had $133 billion of assets under custody at May 31.
From January 2000 to April 2003, Mr. Carey was an executive vice president in Fidelity’s 401(k) business, and he focused on small companies. Before joining Fidelity he held senior sales management jobs in the retirement and employee benefits group at Aetna. He is to begin the new job on July 18, the company said.
