Former Schwab Exec to Lead Fidelity Institutional Platform Business

In this role, Goldman will be responsible for developing and implementing the strategic plan for Fidelity’s new Institutional Platform business, which comprises Fidelity Institutional Wealth Services, National Financial, and Fidelity Family Office Services, according to a Fidelity release. He also will have management responsibility for HybridOne, an offering designed to help firms and advisers manage their commission- and fee-based business, as well as a new international clearing initiative (see Fidelity’s HybridOne Manages Both Commission and Fee Business.)

Goldman will join Fidelity in early 2009 and report to Michael K. Clark, president of Fidelity Institutional Products Group, Fidelity said.

At Schwab, Goldman was executive vice president and head of Schwab Institutional, responsible for developing and implementing an accelerated growth strategy for Schwab Institutional and for running its day-to-day business operations. Prior to this position, Goldman served as executive vice president of Strategy and Corporate Development, senior vice president of Corporate Development, and senior vice president of Venture Capital Investing.