Fidelity International Australia MD to depart
Fidelity International will see its managing director for Australia depart this month and has appointed an internal successor.
Lawrence Hanson was appointed as the global investment manager’s MD for Australia in October 2022 in replacement of Alva Devoy, who previously spent eight years in the role.
Fidelity International has announced his departure this month as he transitions into an external opportunity.
The firm looked internally for a successor and has appointed Simon Glazier as its new managing director for Australia, effective 1 September 2024.
He will be responsible for delivering continued growth in Fidelity’s Australian business and further strengthening its offering for Australian investors, while reporting to Rajeev Mittal, managing director for Asia Pacific (ex-Japan) at Fidelity International.
Glazier has spent over four years at the company. He first joined in 2020 as head of wholesale sales, in which he oversaw the development of several new products and solutions to meet evolving investor needs and support Fidelity’s advice and wealth management clients.
He holds over 20 years of experience in the asset management and financial services industry. Prior to Fidelity, Glazier spent nearly five years at Ellerston Capital as the head of intermediary sales and marketing. He previously held senior roles at Colonial First State, Perpetual Investments, and ING Australia.
Mittal commented: “I am delighted to appoint Simon to lead our Australian business into the next phase of its growth. Fidelity International has been supporting clients and investors in Australia for more than 25 years and it remains an important market for us.
“Under Simon’s leadership, we will continue to bring the best of Fidelity’s global research, capabilities and solutions to our clients in Australia.”
In November 2023, it was announced that Fidelity International’s chief executive Anne Richards would be stepping down from the executive role after five years but would remain at the firm as vice chair.
In her new role, she is focused on helping the company strengthen its external relationships and strategic partnerships.
Later in March 2024, the firm confirmed it had appointed a new president in Keith Metters, commencing on 1 March, to take over from Richards.
Metters joined the firm four years ago as global head of platform solutions. Rather than CEO, his title is president and he reports 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.
AUTHOR
Jasmine Siljic
Recommended for you
Funds managers are being urged by financial advisers to improve their “outdated” education and communication about alternative funds as they actively target them towards retail clients.
GAM Investments has appointed Eric Finnell as its managing director for Australia after his predecessor left to take up the CEO role at Global X.
Fidelity International has looked internally to appoint a head of strategic sales and solutions for its Australian division, which is a newly created role for the business.
Lonsec’s deputy CIO Deanne Baker has highlighted what investment tools the firm is harnessing to mitigate the impact of geopolitical risks in its managed account offerings.
