Fidelity Institutional on Wednesday said it was reorganizing the leadership of its clearing and custody business to capture more assets from fast-growing sections of the wealth management business such as regional banks, third-party asset managers and consolidators.

Among the largest providers of securities services to brokers and advisers, with $1.1 trillion of assets under administration, Fidelity said the changes would increase its coverage beyond its strengths in brokers and investment advisors.

“It’s important that we are aligned to consistently bring our clients both our broad industry perspective as well as our specific business model expertise,” Fidelity Institutional President Gerard McGraw said in a statement.

The reorganization increased the number of business groups overseen by McGraw and the leaders of Fidelity's clearing and custody businesses: Michael Durbin, president of Fidelity Institutional Wealth Services, and Sanjiv Mirchandani, president of National Financial.

Bobbi Masiello, head of relationship management for Fidelity’s clearing business, will take leadership of a group overseeing services for independent, insurance and institutional broker-dealers. Michael Norton, a senior vice president who supports clearing customers, will lead a new group that is focused on banks ­– a section of the industry that has been expanding their wealth management offerings.

Fidelity also created a team under Robert Evans targeting companies that are rolling up advisory firms through a series of acquisitions, such as Focus Financial, and another group focused on firms that offer “turnkey” asset management services to financial advisors. Evans will report to Robert Oros, who will continue to head sales and relationship management for RIAs.

Meg Kelleher, executive vice president for custody sales and relationship management, will oversee a new group focused on retirement-plan advisors and administrators.

The brokerage giant also said it was combining its custody and clearing technology platform groups into one team led by Ron DePoalo, chief information officer of Fidelity Institutional.

Reporting up to DePoalo is Edward O’Brien, currently head of technology for Fidelity’s RIA and family office services, and Richard Hart, head of platform technology at National Financial, Fidelity’s broker-dealer clearing business.