Fidelity has signed on an industry veteran with a background on the operations and consulting side of the mutual fund business as the newest member of its consulting and new business department.

Darby Hobbs, formerly senior vice president and managing director of distribution services at PFPC, is taking the role of senior vice president of consulting and new business development at the Boston Behemoth, the MFWire has learned.

A spokesperson for PFPC did not return calls seeking comment on how Hobbs' duties are being reassigned.

Hobbs will be an adviser to senior management, providing strategic and tactical assistance, according to a source with knowledge of the hiring.

Before joining PFPC, Hobbs was a senior vice president of business development at Bisys' Financial Research Corp. in Boston. She joined FRC in 2001 as part of a package deal in which she sold the assets of Graylyn Associates, her startup that published Ink Spot News, a news digest for the fund industry.

Hobbs began Ink Spot News while an executive at First Data in the 1990s.

Bonnie Bauman has left her post as a reporter for Ignites in order to write a book, according to industry sources. She did not return a call seeking comment.

Lawrence Carrel has left SmartMoney.com to join TheStreet.com as an senior writer. He will cover mutual funds and ETFs.

Whitney Kvasager has joined FundFire, where she will cover public and corporate pension plans.

Michelle Samson has joined Money Management Letter as an associate reporter. She will cover pensions and asset management.  

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