A Fidelity news release said Byrne will be responsible for developing and implementing the strategic business plan as well as managing the day-to-day operations of the unit.
Byrne has more than 12 years of experience in transition management, specifically in portfolio trading, transaction cost analysis, and equity and fixed-income derivatives. He most recently was head of the U.S. Transition Management Group at ConvergEx Group and, prior to that, led J.P. Morgan’s North America Transition Management business.
Byrne will report to Mike Cashel, senior vice president and head of equity trading, Fidelity Capital Markets. “Transition activity has picked up over the past year, with today’s plan sponsors focused on reducing the cost, time, and risk that accompany transition events,” said Cashel.