Gerard McGraw is president of Fidelity Institutional, which offers clearing, custody and investment management products to help financial professionals, institutions and other intermediaries service their clients and grow their businesses. Fidelity Institutional is a division of Fidelity Investments, a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing and other financial products and services to more than 20 million individuals, institutions and financial intermediaries.
Mr. McGraw assumed his current position in August 2009 and oversees all brokerage operations and the risk and brokerage technology functions that service broker/dealers, banks, insurers, registered investment advisors (RIAs) and other institutional clients through National Financial, Fidelity Capital Markets, Fidelity Family Office Services, Fidelity Institutional Wealth Services and Fidelity Financial Advisor Solutions. He is a member of the Fidelity Executive Committee. Previously with Fidelity, Mr. McGraw served as president of the Operations & Services Group (OSG) from 2003 to 2009. This group is responsible for a wide range of services and functions, including account management, asset servicing, margin, cashiering, tax services, performance measurement and improvement, new business and project management. Mr. McGraw joined Fidelity in 1996 as senior vice president, Management Control, where he was responsible for regulatory reporting and operational oversight, and later became senior vice president, Brokerage Operations.
Prior to joining Fidelity, Mr. McGraw held senior level positions with Smith Barney, Inc. and Shearson Lehman Brothers, Inc. He served within Member Firm Regulation Division (now called FINRA) of the New York Stock Exchange, Inc. Mr. McGraw began his 30 year financial, regulatory and operations career in financial services as an auditor at Morgan Guaranty Trust Co. of NY. Mr. McGraw earned his bachelor of business administration degree in accounting from Pace University and holds his FINRA Principal Series 7, 24 and 27 licenses.
He serves on the Board of Directors of the Securities Industry and Financial Markets Association (SIFMA) and the Options Clearing Corporation. He is also a Trustee of Kenmare High School, which is affiliated with York Street Project. In 2012 Mr. McGraw was recognized with the Monsignor Thomas Hagerty Humanitarian Award by HeartShare Human Services of New York.