David Canter has been appointed head of the RIA segment at Fidelity Clearing & Custody Solutions, succeeding Bob Oros, who left the company in January to take over as CEO of HD Vest Financial Services Inc.
Mr. Canter, 48, joined Fidelity in 2009 as chief operating officer for the RIA custody business. He took over leadership of the practice management and consulting business in 2010.
In his new role, in charge of the registered investment adviser segment, he will oversee sales and relationship management.
Like Mr. Oros, Mr. Canter will oversee 120 people, including seven regional managing directors, and he will report directly to Sanjiv Mirchandani, president of Fidelity Clearing & Custody Solutions.
"I am energized by the opportunity to evolve my career at Fidelity, while remaining focused on my passion for the RIA industry," Mr. Canter said. "With this announcement, I am moving to exclusively focus on the RIA segments."
Fidelity also announced Matt Chisholm, who previously reported to Mr. Canter, will take over as head of practice management and consulting.
Mr. Chisholm, 43, has been with Fidelity for 10 years and has worked closely with Mr. Canter.