Joanna Rotenberg, head of wealth management at Toronto-based BMO Financial Group, has been named to head the $4.1 trillion personal investing division of Fidelity Investments, succeeding Kathy Murphy.
Earlier this year, Murphy announced her decision to step down from her role before the end of the year.
Rotenberg has led wealth management at BMO since 2016 and has been a member of its executive committee since joining the firm in 2010. Earlier, she was a partner at McKinsey & Co. and a leader in its North American financial services practice.
Deal creates a $20B-plus custody platform for private market investing in IRAs, months after Schwab closed its Forge Global purchase
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Cullen marks the fourth firm the New York-based RIA aggregator has bought in 2026 as deal volume heads for a record year.
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