Fidelity has promoted Abigail Johnson, president of personal and workplace investing, to president, personal, workplace and institutional services—effectively in charge of all distribution channels, and hired BNY Asset Management President and CEO Ronald P. O’Hanley to head asset management and corporate services.

As the two report to Fidelity Chairman and CEO Edward C. Johnson 3rd, the $1.5 trillion fund giant has apparently set a succession plan for “Ned” Johnson, who turns 80 on June 29.

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