Cetera Taps Former Fidelity Exec as CEO
by: Justin Baer
Cetera hired Mike Durbin, a former top executive at Fidelity Investments, as chief executive of its parent company. Cetera said it tapped Durbin to help accelerate the growth of its core business, which provides investing platforms to independent advisors, and expand into complementary markets. Durbin joined Fidelity in 2009 from Morgan Stanley and rose to lead the firm's institutional business providing investing services to wealth advisors. He served as a key lieutenant to Fidelity CEO Abigail Johnson before shifting to a senior advisory role last year.
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