Fidelity Rehires Rochte From State Street to Head New Division
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Fidelity Investments, the second-largest mutual fund company, rehired Anthony Rochte of State Street Corp. to lead a new division focused on specialized sector investments.
Rochte was a senior managing director at Boston-based State Street’s money-management unit, where he helped run the world’s second-largest line-up of exchange-traded funds. He will become president of the new division starting in late April, said Adam Banker, a spokesman for Boston-based Fidelity.