Deals and People December 30, 2003
mPower Founding President Joins FIRSCO
December 30, 2003 (PLANSPONSOR.com) - The founding
president of online advice company mPower has signed on as
executive vice president of marketing for Fidelity
Institutional Retirement Services Company (FIRSCO).
Reported by Fred Schneyer
According to a news release, Stephen Deschenes will oversee marketing and product development efforts for Fidelity’s 401(k) business and report to FIRSCO President William Carey.
Prior to joining Fidelity, Deschenes founded Bow Street Capital, a venture capital firm, and was the founding president of mPower. Morningstar hammered out a deal in May to acquire the San Francisco-based mPower (See Morningstar Bulks Up with mPower Acquisition ).
Deschenes has also worked with various firms in the media industry, including Gruner & Jahr and Time Warner/Time Inc., the announcment said. He is a graduate of Harvard University.
You Might Also Like:

Retirement Industry People Moves
Voya expands wealth solutions team with northeast hire; Transamerica names director of Institutional Sales; DFA names CEO for Australia fund...

Republicans Propose More Anti-ESG Legislation That Won’t Pass
In response to the DOL’s November final rule permitting the consideration of ESG in retirement plans, Senator Mike Braun and...

Morgan Stanley Expands Robo-Advising Tech with Blooom Purchase
Morgan Stanley grows its retirement offering with purchase of 401(k) robo-adviser Blooom's technology. Former Blooom customers are back in the...