Boston's Financial Services Companies Work Together

Leaders in Boston’s financial services industry have banded together to form a lobbying group to push their common interests.

Though many of Boston’s financial services companies are competitors, they have come to a growing realization that they have to work together more.

Ronald O’Hanley, a Fidelity Investments executive, is also now the co-chair of the new Boston Financial Services Leadership Council. He says that Boston is a great home for his industry because of the talent and universities and companies that call the city home.

"But like all ecosystems," O'Hanley says, "it’s fragile. And a major mission of this group is to not only maintain that ecosystem, but make it grow and thrive."

The main priority for the group is to advocate for government policies that encourage retirement savings. The council also wants to network with financial services companies in Shanghai, China to try to do more business in that growth market.