Fidelity has appointed a new global chief investment officer for fixed income.
Marion Le Morhedec will join Fidelity in September after two decades with AXA Investment Managers, where she most recently served as global head of fixed income.
At AXA she managed a team of 110 people across eight locations and was also a member of the firm’s management board.
Le Morhedec said: “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.”
She will report to Andrew Wells, CIO of fixed income, multi & private assets, and replaces Steve Ellis who announced last year that he will leave the company to take a career break.
Wells said: “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.
“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.”
Hires over the past year include Mike Riddell and Ravin Seeneevassen as portfolio managers for unconstrained bond strategies, and Philip Fielding, portfolio manager for emerging market debt strategies.
Wells added: “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.”
tara.o’connor@ft.com
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