Boston-Based Company: Executive Officer and Role Edward

boston-based company: She has been chief executive officer since 2014 and will maintain that role, according to Bloomberg. Edward, 86, is retiring and will become chairman emeritus. Johnson, 54, will succeed her father, Edward Ned Johnson, as chairman of the family-run firm in early December, the Boston-based company said Monday. Under Abigail, Fidelity -- the manager of 2.1 trillion in assets -- has been seeking to increase client deposits after losing market share to low-cost index providers such as Vanguard, the biggest mutual fund company. It also contending with a trend that roiling the industry customers shunning actively managed funds for low-cost passive investments such as index funds. function global function ad Code dimensions id 1 0 2 1 10 strategy targeting targeting Modifiers ; ; window ; In the first 10 months of the year, active equity funds experienced 287.7 billion in net outflows as passive funds reeled in 123.1 billion, according to Morningstar Inc. In 2010, Fidelity lost its crown as the largest U.S. mutual fund company by assets. (news.financializer.com). As reported in the news.