Investing
Fidelity Boosts Staff Again to Keep BlackRock, Vanguard at Bay
- Money manger on track for third straight year of record hiring
- Discretionary assets rose by 18% last year, annual report said
Photographer: SOPA Images/Getty Images
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Fidelity Investments is a money management behemoth. But its hiring plans more closely resemble a hungry startup.
The Boston-based fund manager will add 12,000 new jobs by the end of the third quarter, it said Thursday -- a spree that puts it on track to expand headcount by more than 50% in three years. The firm already has 57,000 staff, and discretionary assets of $4.2 trillion.