Pyramis Global Advisors
, a unit of Fidelity Investments
, has named the former head of Gartmore Global Investments
as its first chief investment officer. The appointment of Young Chin
completes the formation of the firm's investment management leadership team, the Boston-based company said in a news release Wednesday.
Chin, a 28-year industry veteran, will oversee the firm's portfolio management, research and trading functions. He will report to Peter Smail
, president of Pyramis, which was established in 2005 to serve institutional investors.
"Young's blend of hands-on investment management experience and leadership skills makes him the ideal individual to head our investment team," Smail said.
Most recently, Chin was president and chief executive officer of Gartmore Global Investments and co-global investment officer of the Gartmore Group. In these positions, he managed investment units in the US, UK and Japan with assets of over $28 billion.
He previously served as managing director, head of equity management and director of equity management at Brown Brothers Harriman. Earlier, he assumed a number of positions during the formation and building of PNC Financial's asset management business.
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