Fidelity International has appointed Marion Le Morhedec as Global Chief Investment Officer (“CIO”), Fixed Income. This appointment further strengthens Fidelity’s investment management’s leadership and supports its ongoing focus on delivering long-term value for clients globally.
Marion joins Fidelity in September after two decades with AXA Investment Managers. Most recently, she served as the Global Head of Fixed Income and was a member of AXA Investment Managers’ Management Board. In this role, she managed a team of 110 professionals across eight locations.
Her previous roles at AXA Investment Managers include Head of Active Fixed Income for Europe & Asia, where she led a 30-member team and managed €70bn in assets, with a strong focus on ESG integration. Prior to this, she was Head of Product Specialists & Solutions for Core Investment (Fixed Income, Equity, Multi Asset).
Marion will report to Andrew Wells, CIO Fixed Income, Multi & Private Assets, and will be based between Fidelity’s London and Paris offices. She replaces Steve Ellis who announced last year that he will leave the company to take a career break.
Andrew Wells, CIO Fixed Income, Multi & Private Assets, Fidelity International, comments: “We have made considerable investment into our fixed income business over the past year, developing talent from within and hiring some highly experienced portfolio managers externally. The recent portfolio manager appointments of Mike Riddell and Ravin Seeneevassen added top-down macro expertise in the team, while Philip Fielding bolstered our emerging market debt strategies.
“Building on recent growth, Marion’s appointment further underlines our ambition to become a globally diversified leading manager of fixed income. She holds extensive experience in portfolio management, client interactions, and business development, making her an exceptional addition to our leadership team. I am delighted to welcome someone of such calibre into the company, and I know that our fixed income business will continue to thrive and grow for the benefit of our clients under her leadership.”
Marion Le Morhedec comments: “I am very excited to be part of a truly international company with such a strong investment culture and focus on clients. With the depth of talent already in place across the fixed income investment team and the breadth of strategies on offer, there is a tremendous opportunity to deliver strong, long-term outcomes for clients around the world.”
About Fidelity International’s fixed income team
Fidelity International has been managing bond assets since 1982. Today, it has $1001 billion of fixed income assets under management on behalf of a mix of institutional, wholesale and retail clients globally. Its depth and breadth of expertise span the full suite of global fixed income disciplines, which includes money market, government and aggregate, investment grade credit, high yield, emerging market debt, and multi-sector bond capabilities.
In the past year, Fidelity has attracted three other senior investment professionals to the fixed income team, adding further depth and expertise across key franchises. These recent additions bring valuable perspectives and capabilities, working alongside a highly experienced and established team that continues to drive the firm’s success.
Recent new hires in the team include:
- Mike Riddell, portfolio manager, unconstrained bond strategies
- Ravin Seeneevassen, portfolio manager, unconstrained bond strategies
- Philip Fielding, portfolio manager, emerging market debt strategies
