Fido names institutional wealth exec

Fidelity Investments of Boston today named Joseph A. Giordano executive vice president of relationship management for its institutional wealth services business, which provides trading, custody and brokerage services to registered investment advisers, trust institutions and third-party administrators.

Previously, he worked for 12 years at JPMorgan Chase & Co. of New York, the past two years as managing director of global client services for the firm’s worldwide-securities-services business.

Prior to Mr. Giordano’s stint at JPMorgan Chase, Mr. Giordano worked for Bankers Trust Co. of New York, as a managing director.

He will report to John W. Callahan, president of Fidelity institutional wealth services.

As of June 30, Fidelity had custody of $3.3 trillion in assets, including managed assets of more than $1.5 trillion.

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