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Flying High
According to the Boston Globe (December 12, 2002), Ellyn McColgan (MBA 83) is not a household name in mutual funds. But thats about to change. Recently appointed president of Fidelity Brokerage Co., McColgan oversees $700 billion of the Boston-based firms assets.
A native of Jersey City, New Jersey, whose first job was in personnel with the old Bambergers department store, McColgan had been flying under the radar at Fidelity for several years, running several key operations, the Globe reported. Asked about her plans for the firm, McColgan said that we are really looking at the customer experience, explaining that Fidelity plans to woo youthful investors and retain them as customers as their wealth grows over the years. On the brokerage side, she will work to secure the firms place as a mutual fund giant. Its a volume game, she said. Youve got to drive volume through. You cant be a marginal broker anymore.
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