Abigail Johnson wants to dispel a rumour on Wall Street that Fidelity would consider a merger with Goldman Sachs. “Absolutely not,” says Johnson, chair and CEO of FMR, Fidelity’s parent company.

Other fund companies may be joining forces — Invesco and OppenheimerFunds are negotiating a $5bn merger. But Johnson says Fidelity is doing fine on its own. “I don’t get complaints from our shareholders about the way things are going.”