A Trillion Dollar Responsibility

Heading a multimillion dollar business is already a lot of responsibility so you can imagine what kind of responsibility (and pressure) is involved in handling over a billion dollars worth of assets.  There are very few people in the world doing that and one of the few is Kathleen Murphy. She is the president of Fidelity Personal Investing.  This enterprise offers retail brokerage, managed accounts, annuities, mutual funds as well as other financial products and services to individual investors that number in the millions.

Aside from this Kathleen is also responsible for the annuities and life insurance business of Fidelity. This includes workplace savings business for tax exempt organizations, the entire advertising and brand programs of Fidelity as well as online strategies of Fidelity via Fidelity.com.

Among Kathleen’s outsized achievements was increasing last year’s customer account from 12.7 million in 2010 to 13.5 million in 2011. Under her watch assets under management increased to $1.1 trillion.

Before joining Fidelity Kathleen was the CEO of ING U.S. Wealth Management.  Kathleen who is a 25 year industry veteran began her career at Aetna where she stayed for 15 years.  She has always been an achiever.  In 1984, Kathleen graduated summa cum laude with a B.A. degree in economics and political science from Fairfield University. She finished her juris doctorate from the University of Connecticut in 1987 with highest honors.