BOSTON, July 23, 2008 -- Fidelity Investments today named Joseph A. Giordano as executive vice president of Relationship Management for its $355 billion Institutional Wealth Services business, a leading provider of trading, custody and brokerage services to Registered Investment Advisors, Trust Institutions and Third Party Administrators. Giordano reports to John W. "Jack" Callahan, president of Fidelity Institutional Wealth Services.

Giordano joins Fidelity after more than 12 years at JPMorgan Chase, including the last two as Managing Director of Global Client Services for the company's World Wide Securities Services business. In that role, he was responsible for leading all aspects of client services for securities processing products, including global custody, fund accounting, performance measurement, securities lending, commercial paper, collateral management and all corporate trust products.

"Joe has the breadth of client service and global business experience, along with a proven track record of helping to meet clients' needs, that make him ideally suited for this job," said Callahan. "Our total client base has grown more than 40 percent over the past three years to more than 3,800 firms, and we only see this expanding as the need for independent, fee-based advice grows among affluent investors. Joe will lead a talented and experienced relationship management team that will continue its focus on working consultatively with each client to help connect them to the resources and support they need to thrive and grow profitably."

Prior to joining JPMorgan Chase, Giordano worked for Bankers Trust Company as managing director of Corporate Trust and Structured Finance as well as vice president and financial audit manager.

About Fidelity Institutional Wealth Services

Fidelity Institutional Wealth Services is a leading provider of trading, custody and brokerage services to Registered Investment Advisors, Trust Institutions and Third Party Administrators. The company is able to leverage the capital, resources and expertise of the Fidelity organization, one of the world's largest financial services companies, on behalf of its clients. This includes access to a comprehensive set of products and services, innovative investment tools and research, an integrated brokerage and trust platform, and dedicated client service professionals -- all designed to help its clients thrive by growing their businesses, more effectively meeting customer needs, and enhancing operational efficiency and profitability. Fidelity Institutional Wealth Services custodies more than $355 billion in assets on behalf of over 3,800 clients, as of June 30, 2008. For more information about Fidelity Institutional Wealth Services, please visit http://fiws.fidelity.com.

About Fidelity Investments

Fidelity Investments is one of the world's largest providers of financial services, with custodied assets of $3.3 trillion, including managed assets of more than $1.5 trillion as of June 30, 2008. Fidelity offers investment management, retirement planning, brokerage, and human resources and benefits outsourcing services to 24 million individuals and institutions as well as through 5,500 financial intermediary firms. The firm is the largest mutual fund company in the United States, the No. 1 provider of workplace retirement savings plans, the largest mutual fund supermarket and a leading online brokerage firm. For more information about Fidelity Investments, visit www.fidelity.com.

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