Member access

4-Traders Homepage  >  Shares  >  Nyse  >  Fidelity National Information Services    FIS   US31620M1062

News SummaryMost relevantAll newsSector news 

Fidelity National Information Services : Fidelity to shift headquarters in downtown Boston

11/16/2012 | 02:50pm US/Eastern

Fidelity Investments plans to relocate its corporate headquarters to a different building in downtown Boston.

The closely held fund company said on Friday that it will move its headquarters to a building it leases at 245 Summer Street in Boston.

Fidelity currently has 2,900 employees in that building. Its headquarters currently is several blocks away at 82 Devonshire Street. Some 600 employees work there and in several surrounding buildings, said spokesman Vin Loporchio.

Loporchio said Fidelity will study possibilities for the complex of buildings around 82 Devonshire, which has been Fidelity's headquarters since the 1970s. This could include the sale or lease of the properties, he said, and possibly the relocation of some employees.

"Our new headquarters provides optimum facilities for integrating our various businesses located in Boston and is better suited to meet our future needs," Fidelity Chairman Edward C. Johnson 3d said in a statement.

Keeping its headquarters in Boston will likely please local political leaders, who have been concerned about earlier moves by Fidelity to close other offices in Massachusetts as it shifted jobs to elsewhere, including neighboring New England states.

"I am very pleased to see their continued interest and investment in this area of Boston," said Boston Mayor Thomas Menino in Fidelity's statement. Fidelity's decision, he said, "is great news for our city."

Loporchio said Fidelity has roughly 6,000 employees in Massachusetts, 3,400 in Rhode Island and 5,400 in New Hampshire.

(The story corrects second paragraph to show Fidelity does not own building)

(Reporting By Ross Kerber; Editing by Steve Orlofsky)

React to this article
05/24 FIDELITY NATIONAL INFORMATION SERVIC : USPO review invalidates 'abstract' check ..
05/21 FIDELITY NATIONAL INFORMATION SERVIC : Top UK firms doing better on incentive pl..
05/21 FIDELITY NATIONAL INFORMATION SERVIC : USPO review invalidates 'abstract' check ..
05/19 FIDELITY NATIONAL INFORMATION SERVIC : USPO review invalidates 'abstract' check ..
05/15 FIDELITY NATIONAL INFORMATION SERVIC : USPO review invalidates 'abstract' check ..
05/15 FIDELITY NATIONAL INFORMATION SERVIC : FIS Reports First Quarter 2015 Results
05/14 FIDELITY NATIONAL INFORMATION SERVIC : FIS to Present at J. P.Morgan TMT Confere..
05/13 FIDELITY NATIONAL INFORMATION SERVIC : Change in Directors or Principal Officers..
05/12 FIDELITY NATIONAL INFORMATION SERVIC : FIS Connect Empowers Banks to Evolve, Exc..
Duration : Period :
Fidelity National Informat Technical Analysis Chart | FIS | US31620M1062 | 4-Traders
Income Statement Evolution
More Financials