Fidelity Investments said Wednesday it hired Wall Street executive Joseph A. Giordano to lead relationship management efforts at its Institutional Wealth Services division, a $355 billion business that provides trading, custody and brokerage services to registered independent advisors, trust institutions and third-party administrators.
As executive vice president of relationship management, Giordano will oversee consultation efforts that connect the wealth services division's 3,800-plus clients--most of whom are RIAs--to various investment tools, research, and an integrated brokerage and trust platform. He reports to John W. "Jack" Callahan, president of Fidelity Institutional Wealth Services.
Prior to joining Fidelity, Giordano spent more than 12 years at JPMorgan Chase. For the past two years he was managing director of Global Client Services for the company's World Wide Securities Services business, where he oversaw all aspects of client services for securities processing products. That included global custody, fund accounting, performance measurement, securities lending, commercial paper, collateral management and all corporate trust products.
Before joining JPMorgan Chase, Giordano was managing director for corporate trust and structured finance at Bankers Trust Company, along with vice president and financial audit manager.