David Denison was named president of Fidelity Investments Canada. He replaces Kevin Kelly, who became president of Fidelity Investments Institutional Services last fall. Mr. Denison, formerly was COO for Fidelity Canada, will not be replaced.
Fidelity also named Dan Geraci executive vice president of distribution at FIIS. He was executive vice president of sales and distribution services for Fidelity Canada. Mr. Geraci was replaced by John Rothwell, formerly with Mackenzie Financial.
Timothy F. McCarthy resigned as president and COO of Charles Schwab & Co. Inc.'s brokerage subsidiary. He resigned, Schwab officials said, to pursue entrepreneurial opportunities with buyout firms. No replacement for Mr. McCarthy is currently planned. David S. Pottruck, co-CEO and president, will assume Mr. McCarthy's duties