Fidelity Investments promotes Abigail Johnson

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BOSTON (AP) — Fidelity Investments on Tuesday gave Abigail Johnson a promotion, putting the longtime Fidelity executive in charge of all the company’s core financial services businesses. But her 82-year-old father, Edward “Ned” Johnson III, remains CEO and chairman of the privately held company.

Fidelity named 50-year-old Abigail Johnson president of financial services. In that new post, she’ll oversee management of assets such as mutual funds, as well as brokerage operations and retirement and benefits services.

Among those reporting to her will be Ronald O’Hanley. Previously, O’Hanley had reported to Ned Johnson as president of asset management and corporate services.

Abigail Johnson has been with the Boston-based company 24 years, and previously served in a narrower role in charge of retail and institutional brokerage operations and as well retirement and benefits services.