Former Fidelity Exec Mike Durbin to Lead Cetera Holdings

The former Fidelity executive is “uniquely qualified to accelerate” Cetera’s strategy, which includes “introducing adjacent capabilities and channels and expanding Cetera’s addressable market,” according to the firm.

Durbin led Fidelity Institutional from October 2017 to November 2022, according to his LinkedIn profile. During his tenure, this business unit provided RIAs and other third-party advisors and institutions with custody and clearing services, as well as with third-party product and asset management services, for instance, Cetera said.

Earlier, Durbin was the leader of Fidelity Institutional Investment and Technology Solutions (2016-2017), president of Fidelity Wealth Technologies (2015-2016) and president of Fidelity Institutional Wealth Services (2009-2015).

Before joining Fidelity, he held various leadership positions at Morgan Stanley, which he joined in 1990 and stayed with through 2008. These roles included serving as chief operating officer of the National Sales Division of Global Wealth Management, head of International Private Wealth Management and chief strategic and risk officer for the Global Individual Investor Group.

(Pictured: Mike Durbin, CEO of Cetera Holdings)