Never miss a story — sign up for PLANSPONSOR newsletters to keep up on the latest retirement plan benefits news.
Deals and People January 24, 2008
Smail Retires from Pyramis Post
January 24, 2008 (PLANSPONSOR.com) - Peter J. Smail,
president of Fidelity Investments' institutional investment
management business, is retiring from his post, the financial
services firm announced.
Reported by Fred Schneyer
A Fidelity news release said Smail would stay in his post at Pyramis Global Advisors through the end of the first quarter while a search for a permanent replacement is conducted.
Fidelity President Rodger A. Lawson said in the announcement that Smail would continue after that as a consultant to the company and a member of the Pyramis Global Advisors Trust Company Board of Directors.
Smail, 55, joined Fidelity in 1987 as vice president of operations for Fidelity’s 401(k) business and was instrumental in its growth. He became president of that business nine years later, added HR outsourcing to his portfolio in 2000 as head of Fidelity Employer Services Company, and launched Pyramis Global Advisors as its president in 2005, the company said.