Gail McGovern, the top dog at Fidelity Investments' mutual funds and brokerage business is leaving the firm at the end of the month to join the faculty at the Harvard Business School. Kevin J. Kelly, president of Fidelity Brokerage, is assuming her duties for now.

McGovern, who is 50 years old, was at the Boston behemoth for a relatively short tenure. She joined the firm in 1998 after leaving phone giant AT&T. Fidelity did not reveal if there is an active hunt underway to fill her position.

She oversaw marketing for both the Fidelity funds and its brokerage area. She also ran operations for the fund group. Both the funds group and the brokerage area have been challenged with the market downturn, but that is no different than for most of the rest of the industry.

While it is no longer expanding its head count, Fidelity has notably exercised restraint in making staff cuts in line with some other fund firms. The one announced cut, though, did fall under McGovern's purview.

McGovern will teach marketing at Harvard.  

See the list of all the 2002 Most Influential People



Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE