Former Canadian brokerage executive Jeff Carney has been tapped to serve as president of Bank of America Retirement and Global Wealth & Investment Management Client Solutions.

In his new role, Carney will oversee the development and delivery of integrated retirement solutions for Bank of America’s nearly 17 million customers approaching or living in retirement, as well as its corporate and institutional clients.

Carney joins Bank of America from Fidelity Retirement Services, where he was president. Carney served as president, Fidelity Personal Investments since 2002. He joined Fidelity in April 2001 as president, Fidelity Investments Canada. Before that, he was with TD Bank in various capacities, including serving as executive vice president for retail distribution; executive vice president, retail banking products, marketing and brand management; president, TD Evergreen Investments; and, mergers and acquisitions director, TD Securities.

A graduate of Queens University in Kingston, Ont., Carney is a chartered financial analyst. He currently serves on the Children’s Hospital Board of Overseers in Boston, is a founding member of The Boston Golf Club and on the Queens University School of Business Advisory Board.

At Fidelity Retirement Services, Carney was responsible for the firm’s defined contribution, defined benefit, non- qualified plans and health savings businesses. In his new role, he will expand and execute Bank of America’s enterprise-wide retirement strategy, encompassing all related product, sales and service, marketing and distribution activities. He will also oversee the development of integrated product solutions for affluent and wealthy clients, and serve as president of Banc of America Investment Services, Inc., the company’s retail brokerage.

“Bank of America, with its breadth of financial services, geographic scale and financial stability, is uniquely positioned to help Americans realize the opportunity that retirement can represent, through holistic planning and management of their finances across their lifetimes,” said Brian Moynihan, president, Bank of America Global Wealth & Investment Management, in a news release. “Jeff is a proven industry leader and innovator in retirement and investment services. At Bank of America, he will combine his unparalleled experience and creativity with our company’s leading, broad-based product, advisory and distribution capabilities to better serve the changing needs of our customers.”

Carney, who will report to Moynihan, will oversee all brokerage, banking, credit, custom credit, non-proprietary and fee-based investment products, fiduciary roles and philanthropy for GWIM clients. He will be responsible for the company’s mid-market institutional asset management business and all GWIM call center operations.

In a related announcement, Moynihan said that Mark Benson, previously Bank of America Premier Banking & Investments central region division executive, will serve as chief operating officer of BAI, reporting to Carney.