BOSTON Feb 14 Mutual fund manager Fidelity
Investments has hired Greg Friedman, a former top
exchange-traded fund executive at BlackRock Inc, the
website Ignites reported on Thursday.
The hiring comes as Fidelity prepares to introduce a family
of ETFs, hoping to make a splash in the fast-growing segment of
the funds business which the Boston firm has largely ignored
Friedman was most recently chief operating officer and head
of product development at Russell Investments, which decided to
end its ETF program last year. Friedman joined Russell in 2010
after more than a decade with iShares, BlackRock's
industry-leading ETF unit.
A Fidelity representative had no immediate comment.