Fidelity reconfigures its institutional distribution. (Fidelity Investments Institutional Sales Inc.)

National Underwriter Life & Health-Financial Services Edition, October, 1996 by Friedman, Amy S.

Fidelity Investments has reorganized its institutional sales channel unit to focus on its core distribution channels. Under the move, which become effective on Oct 1, 1996, Fidelity Investments Institutional Sales Inc. has been split into two distribution channels. The Dealer Service unit will oversee distribution to non-bank broker-dealers and the Bank Services unit will oversee bank brokers dealers and bank trust departments.

Fidelity Investments, the Boston-based mutual fund behemoth, has reorganized its institutional sales channel unit, Fidelity Investments Institutional Sales, Inc., in an effort to improve its ability to focus on the banking, insurance and investment adviser broker-dealer distribution channels.

This move, which became effective October 1,...

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