Andy Fay is head of Fidelity's family office business, a segment of Fidelity Clearing & Custody Solutions, which provides a comprehensive clearing and custody platform, brokerage, investment and reporting services, trading capabilities and practice management and consulting to registered investment advisors, including strategic acquirers and professional asset managers, retirement recordkeepers, broker-dealer firms, banks, insurance companies, family offices and wealthy families. Fidelity Investments is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing and other financial products and services to more than 26 million individuals, institutions and financial intermediaries.
Prior to his current role, Mr. Fay was senior vice president, responsible for Sales and Business Development for the family office business, previously known as Fidelity Family Office Services (FFOS). Mr. Fay was part of the team that started the FFOS business in 2003 and established the client management and service teams which he managed from 2003 through 2009.
Mr. Fay joined Fidelity in 2000 as part of Fidelity Capital Markets (FCM). In his role, he managed the New Issue Syndicate Desk, a function responsible for all new issue offerings of equity IPOs and Secondary transactions, high grade corporate bonds, municipal bonds and structured products.
Prior to joining Fidelity, Mr. Fay spent several years with Fleet Boston Robertson Stephens (BancBoston Securities) and managed their Syndicate Desk with particular emphasis on Mezzanine offerings and High Yield originations. He was responsible for completing BancBoston's first lead managed high yield offering in 1997. Upon graduation, Mr. Fay embarked upon a career in banking, spending four years with Manufacturers Hanover Trust in New York and five years with the First National Bank of Boston in the Commercial Lending arena. As a lender, he focused primarily on privately owned companies and worked closely with business owners on personal banking needs. Also while serving as a commercial lender at Bank of Boston, Mr. Fay had responsibility for managing the largest ski area lending portfolio in the nation.
Mr. Fay earned his bachelor of arts degree from Bowdoin College with majors in government studies and French and a minor in economics. In 2006, Mr. Fay completed the requirements to become a Certified Investment Management Analyst (CIMA) offered through the Investment Management Consultants Association (IMCA).