Fidelity Investments has made promotions in its trading, custody and brokerage arm, Fidelity Institutional Wealth Services (FIWS), Planadviser reports. The firm has promoted Scott Dell’Orfano as executive vice president and head of sales for FIWS. He will report to president, Michael Durbin.

Fidelity has appointed Bobbi Masiello as executive vice president of relationship management at National Financial (NF), its clearing unit for brokers and dealers. He will continue to report to Sanjiv Mirchandani, president of NF. Ronald Fiske will oversee investment product management across both NF and FIWS, which jointly cater to Fidelity’s hybrid clients.

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