Fidelity to Leave Hill, Holliday

Arnold is seen as the likely successor to Hill, Holliday, Connors, Cosmopulos as lead agency for Fidelity Investments, which Friday parted with Hill, Holliday.

Hill, Holliday plans to cut at least 20 people over the next several months as it concludes its relationship with Fidelity, according to agency representative Eric Fenhrstrom.

Boston-based Fidelity, which ranks as the world’s No.1 mutual funds provider, will likely move the lion’s share of its account to Arnold, sources said. Fidelity representative Anne Crowley said “Arnold is under consideration” for the business but indicated other shops might also be evaluated.