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A last lion of the Ned Johnson era, Gerry McGraw, vacates the Fidelity CFO spot for Maggie Serravalli, and makes evident Abby Johnson's 'phenomenal' women strategy

McGraw was credited with steely leadership during the 2008-2009 financial crisis but also bridged the management revamp toward a big bet on what women can do better in the next decade.

Author Oisin Breen June 12, 2020 at 3:52 AM
Admin:
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​ Maggie Serravalli is Fidelity's new chief financial officer is a presumed multi-tasker.

Former WFA

Former WFA

June 17, 2020 — 4:27 PM
I would give Fidelity more credit if they would be even remotely interested in hiring anyone with experience, licensing and other credentials. They give regular webinars about how interested they are in hiring experienced advisors, but it is all puffing. They pay bottom wages marketing to recent college graduates. If you even get a response back from them for someone with experience, you are told you have to start at a call center. Even after that you never hear back from them. Sorry. No Thanks.
Ex Fido insider

Ex Fido insider

February 12, 2023 — 4:35 AM
Abby is slashing the male headcount to stack the company with women. Ned is rolling over in his grave at what she is doing to the company that he built

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March 25, 2023 at 1:32 AM

Fidelity Investments pulls out stops on perks to raise headcount by 7,000 -- by hiring 9,000 -- to shrug off labor shortages, escalating wages and call center attrition

The 53,000-employee Boston firm is offering Google-type benefits and Merrill Lynch-style training--no financial experience necessary-- to reach 60,000 staffers by Christmas to meet crushing demand for service and still advance mega-projects like crypto and youth accounts

September 4, 2021 at 12:57 AM

Fidelity Investments is paying 2,000 employees to hasten their corporate exits, including high-profile RIA overseer, Sanjiv Mirchandani, as part of its shift to a digital future

The Boston giant offered voluntary buyout packages and the 4% of staff who accepted will leave by June 30 to give other staff room to grow careers and make room for hires.

June 24, 2021 at 5:39 PM

Headhunters rejoice after Fidelity axes invincible (but expensive) executive bonus program to more narrowly focus rewards on productivity and execution

Watchers of the Boston-based firm presume CEO Abby Johnson's play connects to revenue hits from 'zero' programs but also a strategic rethinking of how to unify the company silos and motivate managers with a more merit-based system

January 13, 2020 at 6:59 PM

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