Fidelity has appointed Marion Le Morhedec as its new global chief investment officer for fixed income, replacing Steve Ellis (pictured) who left the role in March after 13 years at the firm to take a career break.
Le Morhedec joined the firm in September after spending almost two decades at AXA Investment Managers, the last three years of which she spent as its head of global fixed income.
Her promotion is the latest in a series of advancements made to Fidelity’s fixed income business over the past year.
Andrew Wells, CIO of fixed income, multi and private assets, said it had made “considerable investment” with the hires of managers such as Mike Riddell, who it poached from Allianz last year.
His former co-manager, Ravin Seeneevassen, joined the firm shortly after and Fidelity also added Philip Fielding to its fixed income stable earlier this year.
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Wells said he hopes the promotion of Le Morhedec will help drive the growth of this part of the company. Fidelity currently manages $100bn in fixed income assets.
“Building on recent growth, Marion’s appointment further underlines our ambition to become a globally diversified leading manager of fixed income,” Wells said. “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.”
Le Morhedec added: “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.”
This story was written by our sister title, Portfolio Adviser
