Judy Marlinski to Become President of Fidelity Institutional Asset Management®

Marlinski Will Lead the Distribution and Client Service Organization Dedicated to Meeting the Investment Needs of Financial Advisors, Institutional Investors and Consultants

BOSTON — Fidelity Investments® today announced that Judy Marlinski has been named the president of Fidelity Institutional Asset Management® (FIAM®), a distribution and client service organization dedicated to meeting the investment needs of financial advisors, institutional investors and consultants.

Marlinski, currently head of Fidelity's Investment Product Solutions & Innovation organization and a long-time Fidelity executive, will report to Jeffrey Lagarce, president of Fidelity Institutional. She succeeds Scott Couto, who will leave Fidelity at the end of June.

"This is a natural role for Judy, who has extensive leadership, asset management, technology, operations, and P&L experience," said Lagarce. "In addition to her wealth of global experience in institutional asset management, Judy is widely respected as a leader with proven track record in building successful relationships with intermediary and institutional clients as well as driving innovation in investment product development."

Prior to her current role, from 2011 to 2016, Marlinski was president of Fidelity International Japan. During her five-year tenure, assets under management grew 57 percent from $37 billion to $58 billion. Marlinski's career at Fidelity International began in 2003, when she moved to Japan for the role of chief operating officer, Investment Management. In 2006, she became head of Product Management, where she led Fidelity to become the largest foreign retail asset manager in Japan. She joined Fidelity in 1986.

"Fidelity has had a nearly 40-year history serving the institutional marketplace and I am honored to lead this business and support our clients," said Marlinski. "Fidelity Institutional Asset Management is one of the largest organizations serving the U.S. marketplace for financial advisors, institutional investors and consultants, and we are committed to remaining the one-stop gateway to the full range of Fidelity's investment management capabilities."

FIAM has more than $576 billion in assets under administration.1

About Fidelity Investments

Fidelity's mission is to inspire better futures and deliver better outcomes for the customers and businesses we serve. With assets under administration of $6.0 trillion, including managed assets of $2.2 trillion as of March 31, 2017, we focus on meeting the unique needs of a diverse set of customers: helping more than 26 million people invest their own life savings, 23,000 businesses manage employee benefit programs, as well as providing more than 12,500 financial advisory firms with investment and technology solutions to invest their own clients' money. Privately held for 70 years, Fidelity employs 45,000 associates who are focused on the long-term success of our customers. For more information about Fidelity Investments, visit https://www.fidelity.com/about.

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Fidelity Institutional Asset Management

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