Fidelity Veteran Selected to Continue Growth Momentum
TORONTO, June 21, 2012 /CNW/ - Fidelity Clearing CanadaULCi, a provider of clearing, custody and back-office support services to
Canada-based brokerage firms and a part of Fidelity's U.S.-based
clearing business, National Financial®, today announced that Todd Roadman has been appointed chief executive
Roadman's affiliation with Fidelity Clearing Canada is effective
immediately. He will officially assume his role as CEO once all
regulatory prerequisites have been satisfied.
A 13-year-veteran of the brokerage industry, Roadman most recently
served as chief financial officer of National Financial. He is based
in Toronto and reports to Sanjiv Mirchandani, president of National
"With his extensive financial services experience, both within the
Fidelity enterprise and in the broader domestic and international
arena, Todd was the obvious choice to lead Fidelity Clearing Canada
during this pivotal stage in its development," said Mirchandani.
"Within a relatively short time frame, the Fidelity Clearing Canada
business has been able to generate tremendous momentum, and I am
confident that under Todd's leadership we will continue on that growth
Roadman succeeds retiring CEO William J. Henderson who has led the firm
since April of 2010.
As CEO, Roadman will oversee client management, new business
development, day-to-day operations, and new product and systems
Since the launch of the business in September of 2009, Fidelity Clearing
Canada has established relationships with 20 Canadian broker-dealers.
"With three new client conversions in the last quarter alone and several
additional implementations planned through the remainder of the year,
this is an exciting time to be a part of the Fidelity Clearing Canada
business," said Roadman. "I look forward to continuing the positive
momentum for Fidelity Clearing Canada and, most importantly, to helping
our clients accelerate their growth through our advanced technology and
Prior to his tenure with Fidelity Investments -- which also included
serving as vice president, distribution finance for Fidelity Personal
and Workplace Investing -- Roadman worked for E*TRADE Financial. During
his tenure with the firm, which spanned from 1999 to 2007, he held
various financial roles, the last of which was senior vice president,
Retail Financial Planning & Business Analysis.
About National Financial
National Financial, a Fidelity Investments company, offers broker-dealer
firms a comprehensive clearing platform that includes a dedicated
service model, a powerful global trading platform, and a source of
leading investment solutions, all designed to help them grow
confidently. A leading clearing provider in the U.S. for over 30 years,
National Financial leverages the strength, resources, and experience of
the Fidelity organization, one of the world's largest providers of
financial services. As of March 31, 2012, National Financial serves
nearly 280 broker-dealers representing over $410 billion in assets
under administration. For more information about National Financial,
please visit www.nationalfinancial.com.
About Fidelity Investments
Fidelity Investments is one of the world's largest providers of
financial services, with assets under administration of $3.7 trillion,
including managed assets of $1.6 trillion, as of April 30, 2012.
Founded in 1946, the firm is a leading provider of investment
management, retirement planning, portfolio guidance, brokerage,
benefits outsourcing and many other financial products and services to
more than 20 million individuals and institutions, as well as through
5,000 financial intermediary firms. For more information about Fidelity
Investments, visit www.fidelity.com
National Financial Services LLC, Member NYSE, SIPC
200 Seaport Boulevard, Boston, MA 02110
National Financial is a division of National Financial Services LLC.
Fidelity Clearing Canada ULC ("FCC") is an indirect, wholly-owned
subsidiary of FMR LLC ("FMR"). FMR and its subsidiaries collectively,
including FCC and three other separate legal entities that are also
Canadian securities registrants — Fidelity Investments Canada ULC,
Pyramis Canada ULC and Pyramis Global Advisors LLC, conduct business
under the "Fidelity Investments" name, which is a trademark of FMR and
a registered business name of FCC.
Canadian clearing and custody services provided by Fidelity Clearing
Canada ULC. U.S. clearing and custody services provided by National
Financial Services LLC, member NYSE, SIPC. Fidelity Clearing Canada
ULC and National Financial Services LLC are affiliates.
© 2012 FMR LLC. All rights reserved.
i Member - Canadian Investor Protection Fund
ii Pending regulatory approval
SOURCE Fidelity Investments Canada Limited
For further information:
Vice President, Corporate Affairs
Fidelity Corporate Affairs -- Canada