Peter Cieszko, president of Fidelity Investments Institutional Services, the distribution arm of Fidelity, is leaving at the end of the year to “pursue other opportunities,” Vin Loporchio, a company spokesman said.

He will be replaced by Scott Couto, an executive vice president who reported to Cieszko, as interim head of the division. Fidelity is actively seeking a replacement for Cieszko.

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