Fidelity appoints president as Richards steps back

fidelity ceo

4 March 2024
| By Laura Dew |
image
image
expand image

Fidelity International has appointed a new president in Keith Metters to take over from Anne Richards.

It was announced in November that Anne Richards would be stepping down as chief executive after five years. However, she has remained as CEO during the transitional period until Metters’ appointment on 1 March.

She will remain at the firm as vice chair focusing on helping the firm to strengthen its external relationships and strategic partnerships.

In her place, the firm has appointed Metters who joined the firm four years ago as global head of platform solutions. Rather than CEO, his title will be president and he will report to Fidelity chair Abigail Johnson.

Previously, Metters spent 20 years at US investment company Fidelity Investments where he led its workplace investing core market division.

Johnson said: "Keith steps into this role at an important time for our business. Our focus is on delivering both the core investment capabilities we are known for, while continuing to build out those capabilities we know our clients need both now and in the future. 

"Keith’s deep knowledge of the Fidelity business, his relentless focus on the customer, and his rigour
around operational effectiveness make him perfectly suited to lead the Fidelity International business into
this exciting next phase in its history.”

Writing on LinkedIn, Richards added: “Having worked with Keith for the last four year in his current role as global head of platform solutions, I know that his experience and client focus are exactly the skills we need to lead Fidelity International in the next phase of its growth. 

“I am looking forward to returning to the role of vice chair after a six-month break to focus on helping Keith and Fidelity with key external relationships and our strategic partnerships.”

Fidelity International offers its services to over 2.9 million customers worldwide across more than 25 countries. 

The firm has US$776 billion in assets under management, and works with central banks, sovereign wealth funds, financial institutions, insurers and wealth managers.

 

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

2 days 18 hours ago

Interesting. Would be good to know the details of the StrategyOne deal....

1 week ago

It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...

3 weeks 5 days ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

2 weeks 6 days ago

A former Brisbane financial adviser has been charged with 26 counts of dishonest conduct regarding a failure to disclose he would receive substantial commission payments ...

5 days 23 hours ago

Pinnacle Investment Management has announced it will acquire strategic interests in two international fund managers for $142 million....

5 days 2 hours ago