Gerard McGraw is chief financial officer of FMR LLC, Fidelity Investments’ parent company, and head of Fidelity Finance and Brokerage Operations (FFBO). Mr. McGraw assumed his current role in 2016 and oversees the enterprise-level financial management of the firm as well as brokerage operations including brokerage technology and administration.
Prior to this role, Mr. McGraw was president of Fidelity Institutional (FI) for seven years. In this position, he oversaw 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 Fidelity Clearing and Custody Solutions, Fidelity Capital Markets, Fidelity Family Office Services and Fidelity Institutional Asset Management. He is also a member of the board of directors of FMR LLC. Mr. McGraw served as president of the Operations & Services Group (OSG) at Fidelity from 2003 to 2009. 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 FINRA) of the New York Stock Exchange, Inc. Mr. McGraw began his 40-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. He serves as a member of the board of directors, officer, and treasurer of the Securities Industry and Financial Markets Association (SIFMA) and was the former vice chairman of the board of the Options Clearing Corporation.