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One of Wall Street's most senior women has cemented her position at the top as a $2.1 trillion money manager
Abigail Johnson has cemented her position at the top of fund giant Fidelity Investments. She is succeeding her father Ed C. "Ned" Johnson, 86, as chairman of the fund firm, according to an internal memo seen by Business Insider. She will add the chairman role to her existing role as chief executive. "This expansion of responsibilities is a natural progression of Abby’s 28-year career at Fidelity, in which she has taken on increasingly more challenging and complex roles," the memo, written by Ned Johnson, said. The elder Johnson is retiring and becoming chairman emeritus. He will continue to maintain office ... (full story)