Ronald O'Hanley, president of asset management and corporate services at Fidelity Investments, announced plans to leave the firm at the end of February, confirmed spokesman Jeffrey Cathie.
“Having achieved much of what he intended to do, Ron has decided that it's now time for him to move on,” said Abigail P. Johnson, president of Fidelity Financial Services, in a letter to Fidelity employees obtained by Pensions & Investments. “The asset management organization is performing well and is well-positioned for continued success.”
Mr. O'Hanley said in a letter to colleagues, also obtained by P&I, that he plans to pursue other professional options, but has “not yet begun to think through that chapter.”
Mr. O'Hanley joined the firm in 2010. Fidelity expects to announce an internal successor in the coming weeks, Mr. Cathie said in an e-mail.
Mr. O'Hanley was unavailable for comment by press time.