Fidelity International CEO steps down from executive role
Fidelity International has announced its chief executive, Anne Richards, will be stepping down from the executive role but will remain at the firm.
Joining in December 2018, Richards has resigned after five years in the CEO position but will remain at the global investment manager as vice chair.
In her new role, she will focus on helping the company strengthen its external relationships and strategic partnerships.
While further succession details are yet to be announced, Richards will stay as CEO during the transitional period taking place over the next few months.
Abby Johnson, chair of Fidelity International, recognised the chief executive’s significant contribution to the firm.
“Over the last five years Anne has accomplished a tremendous amount for our organisation in service of our clients. She has spearheaded the build out of a wide range of new capabilities and services across multiple markets, as well as our firm-wide approach to sustainability, setting us firmly on the path for the future,” she said.
“She made significant progress in building a more diverse and inclusive workplace, leading initiatives such as enhanced parental leave, carers leave and dynamic working, ensuring we are well placed to attract and retain the best talent in a post-pandemic world.”
Richards is currently a member of the board of directors at the Institute of International Finance. Prior to joining Fidelity International, she was the chief executive for over two years at M&G Investments, a UK-based investment firm.
She holds more than 30 years of asset management experience and was previously the global chief investment officer at Aberdeen Asset Management (now abrdn) for nearly 13 years.
Fidelity International offers its services to over 2.9 million customers worldwide across more than 25 countries.
The firm has $728.6 billion in assets under management, and works with central banks, sovereign wealth funds, financial institutions, insurers and wealth managers.
AUTHOR
Jasmine Siljic
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