Fidelity Investments is closing one of its British subsidiaries, Fidelity Brokerage Services, and is close to selling a second, Global Brokerage Services. The steps mark a major U-turn in the company's international strategy, where it is now de-emphasizing its retail clientele in favor of institutional investors.
"Three months ago Fidelity was focusing on servicing its retail investment business," observes a source who had worked at GBS and asked not to be identified. "Three months later it's
While at Sibos Toronto, James shares some interviews covering topics on blockchain, fintechs and cybersecurity.Subscribe to Weekly Wrap emails