Fidelity Capital Markets, the institutional trading arm of Fidelity Investments, has appointed Thomas Tesauro as its new president.
Tesauro served as interim president since January this year. He was previously head of Fidelity’s prime brokerage and securities lending business.
Prior to joining Fidelity in 2009 he held executive roles in the prime brokerage and securities lending divisions of Citi and Goldman Sachs.
“Tom has been a strong leader during his time with Fidelity, particularly during the past several months, combining his 30-year career in prime brokerage and equity finance with an in-depth knowledge of trading and the markets to deliver exceptional service for our clients,” says Gerard McGraw, president of Fidelity Institutional.
“His continued focus on the needs of all our customers –- from institutional clients to individual investors -- will further strengthen Fidelity’s focus on service excellence.”
Tesauro will continue to report to McGraw, who leads Fidelity Institutional, the division of Fidelity Investments that provides clearing, custody and investment management products to financial intermediaries.