Cetera Holdings, the holding company of Cetera Financial Group, has appointed Mike Durbin as CEO.
Durbin most recently served as head of Fidelity Institutional. Prior to joining Fidelity, he held various leadership positions at Morgan Stanley, including COO of the national sales division of global wealth management, head of international private wealth management, and chief strategic and risk officer for the global individual investor group.
Cetera said Durbin's appointment represents a deliberate next step in the company’s evolution and positions it for continued growth. Durbin also will serve as a member of the Cetera board of directors.
“Cetera is in a position of strength and poised to capitalize on today's opportunities, and Mike is well qualified to lead the organization to and through its next chapter of success,” said Tony Salewski, managing partner at Genstar Capital. “We look forward to continued execution of our new five-year plan and achievin