Bank of America Names Carey as New Retirement Solutions Head

Bank of America has appointed Bill Carey, formerly of Fidelity Investments, as national executive of Business Retirement Solutions.

For Bank of America, Carey will oversee the development and delivery of 401(k), defined benefit, and institutional custody solutions to clients.

He will work within the newly formed Bank of America Retirement and Global Wealth & Investment Management (GWIM) Client Solutions Group and will report to Cary Grace, Mid-Market Institutional executive.

Carey most recently led National Accounts for Fidelity Investments Institutional Services Company, where he was responsible for institutional relationship management, registered investment advise services, investment consulting services, and consultant relations.

He joined Fidelity Institutional Retirement Services Company (FIRSCo) in 1993 as national sales manager for FIRSCo’s Emerging Corporate Market.

In 2003, he was named president of FIRSCo and subsequently president of Fidelity Registered Investment Advisor Group, which provides wealth management, custody and brokerage services to registered investment advisers (RIAs) and third-party administrators.