President, Personal Investing, Fidelity
Kathleen Murphy is president of Personal Investing (PI), which provides retail brokerage, mutual funds, managed accounts, annuities and other financial products and services to millions of individual investors. Murphy is also responsible for Fidelity’s life insurance and annuities business, its workplace savings business for tax exempt organizations, all of Fidelity’s brand and advertising programs, and Fidelity’s online strategies through Fidelity.com. Murphy is a 25 year veteran of the financial services and benefits industry.
Murphy oversees a business with more than $1 trillion in client assets under administration, more than 12 million customer accounts and over 9500 employees. Her business is the nation’s No.1 provider of individual retirement accounts (IRAs), the fastest growing major online brokerage company, the No.1 provider of mutual fund managed account programs and one of the leading providers of college savings plans.
Prior to joining Fidelity, Murphy was chief executive officer of ING U.S. Wealth Management, responsible for leading the Defined Contribution, Defined Benefit, Retirement Solutions, Annuities, and ING Advisors Network businesses. Before assuming that position, Murphy was group president, ING Worksite and Institutional Financial Services with responsibility for the Retirement Services, Employee Benefits, Institutional Capital Markets, and Reinsurance businesses. She began with ING in 2000 and became general counsel and chief administrative officer of ING’s U.S. Financial Services.
Murphy began her career with Aetna. During her 15 year tenure with the firm, she held a variety of legal and government affairs positions of increasing stature and eventually acted as general counsel and chief compliance officer, Aetna Financial Services.
Murphy received her bachelor of arts degree, summa cum laude, in economics and political science from Fairfield University in 1984. She earned her juris doctorate with highest honors from the University of Connecticut in 1987.
Currently, Murphy sits on the Board of Directors and Executive Committee of America’s Promise, the Board of Directors and Executive Committee of the Securities Industry and Financial Markets Association, and serves on the Advisory Board of the Smurfit School of Business at the University of Dublin, Ireland.
Murphy has been named one of the 50 Most Powerful Women in American business by Fortune magazine, one of the Wall Street Top 50 and Business 100 by Irish America magazine, named to the Power 100 list for Financial Services and named as one of the 25 Most Powerful Women in finance by US Banker, among other honors.