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- Sarah ten Siethoff is New Associate Director of SEC Investment Management Rulemaking Office
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- Credit Suisse to Pay $47Mn to Resolve DOJ Asia Probe
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- SEC's Opening Remarks to the Elder Justice Coordinating Council
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- Cryptocurrency Exchange Bitfinex Briefly Halts Trading After Cyber Attack
- SEC Names Valerie Szczepanik Senior Advisor for Digital Assets and Innovation
- SEC Modernizes Delivery of Fund Reports, Seeks Public Feedback on Improving Fund Disclosure
- NYSE Says SEC Plan to Limit Exchange Rebates Would Hurt Investors
- Deutsche Bank faces another challenge with Fed stress test
- Former JPMorgan Broker Files racial discrimination suit against company
- $3.3Mn Winning Bid for Lunch with Warren Buffett
- Julie Erhardt is SEC's New Acting Chief Risk Officer
- Chyhe Becker is SEC's New Acting Chief Economist, Acting Director of Economic and Risk Analysis Division
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Fidelity CEO Abigail Johnson Succeeds Father As Chairman
Fidelity Chairman Edward ‘Ned’ Johnson III announced on Monday that his daughter, CEO Abigail Johnson, will succeed him as chairman of the financial services company, unifying the 2 positions. Mr. Johnson will become "chairman emeritus." He described the move as a "natural progression of Abby's 28-year career at Fidelity," and said he has never felt more confident about the company's future than he does now.
"Throughout Fidelity's long history of growth, our dual commitments to our customers and to innovation have served us well," Johnson III said in the memo. "By investing in technology and using the Kaizen method of continuous improvement, we have built a strong brand, industry-leading positions and multiple profitable businesses."
Kaizen is a Japanese concept of incremental and perpetual improvement in the management of an organization.
