Personal Investing Head Joanna Rotenberg to Leave Fidelity

News broke over the weekend that Joanna Rotenberg, head of Fidelity’s personal investing business, is leaving the firm after a busy two-year tenure in which she helped oversee the partition of the personal investing business into two distinct entities — Fidelity Wealth and Fidelity Brokerage.

Rotenberg, who joined Fidelity from BMO in September 2021 and took over the role from long-time Fidelity executive Kathleen Murphy, confirmed the news in a post on her personal LinkedIn page, noting she will be leaving at year end.

In the post, Rotenberg says Fidelity’s $4 billion personal investing segment has reached an important milestone with this reorganization, and she says the new positioning will help the firm serve customers with a range of unique needs.

“Amid this re-organization, I have chosen to leave Fidelity at year-end,” Rotenberg said. “It was a decision that felt right for me and timely for the business. … I’m really proud of what we’ve accomplished … during my time leading the organization. We’ve helped millions of customers navigate their financial needs across a range of life stages.”