Fidelity Investments promoted Abigail Johnson to president of personal, workplace and institutional services — effectively in charge of all distribution channels — and hired BNY Asset Management President and Chief Executive Ronald P. O'Hanley to head asset management and corporate services.

The moves may constitute a succession plan for Fidelity Chairman and CEO Edward C. Johnson 3rd, who turns 80 in June. Abigail Johnson co-owns Fidelity with her father.

Replacing O'Hanley at BNY on an interim basis are Jonathan Little, vice chairman, and Mitchell Harris, who heads the currency and bond unit in the company's asset management division.

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