Charles Goldman recently left Schwab Institutional after he was the odd man out in an organizational reshuffling. On Tuesday, rival Fidelity Investments announced that Goldman will oversee Fidelity's institutional operations that serve independent registered investment advisors and broker-dealers.

Goldman was named president of Institutional Platforms for Fidelity Institutional Products Group, a newly-created job as Fidelity ramps up efforts to capture greater market share in the growing independent RIA space. Goldman will be in charge of three Fidelity units: Institutional Wealth Services, its RIA custodian unit; National Financial, which clears trades and provides a brokerage platform for broker-dealers; and Family Office Services, which custodies assets and provides a platform for family offices. He'll also have responsibility for Fidelity's HybridOne program that serves advisors with both fee- and commission-based business.

Goldman starts early next year and will report to Fidelity Institutional Products Group president Michael Clark. 

As executive vice president and head of Schwab Institutional, Goldman oversaw operations that supported about 5,500 RIAs. Fidelity custodies assets for roughly 3,500 independent RIAs, in addition to its National Financial broker-dealer business.

Schwab last week announced it combined its institutional and its corporate and retirement services operations into a new unit called Institutional Services. James McCool, former head of the corporate and retirement division, was put in charge of the new entity and Goldman left the company.  Goldman joined Schwab in 2001, where he served in various roles before leading its RIA custody business.

Also last week, Fidelity named Morgan Stanley veteran Michael Durbin as president of Institutional Wealth Services, succeeding John "Jack" Callahan. Durbin will report to Goldman.