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Rating:Fidelity Sees Changes in its Senior Ranks Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, November 30, 2009

Fidelity Sees Changes in its Senior Ranks

Reported by Armie Margaret Lee

Fidelity has a new asset management chief. Jacques Perold, who became chief operating officer of asset management in May, has moved up to the role of asset management head. His predecessor, Mike Wilens, has moved to a post within Fidelity's 401(k) unit.

Jacques Perold
Head of Asset Management
Wilens takes on the duties of Scott David, head of Fidelity's workplace investing client management organization, who is taking a leave of absence to "attend to family members who are experiencing health challenges," according to Fidelity spokesman Vin Loporchio.

The MFWire's sister publication, The 401kWire, first reported on the changes last week.

Prior to becoming asset management COO, Perold served as president of Geode Capital Management since its founding as a Fidelity subsidiary in 2001. Geode, which manages money for institutional clients and serves as a sub-advisor on some Fidelity index and enhanced index portfolios, was reorganized as an independent company in 2003.

Perold joined Fidelity in 1986.

In the spring, Fidelity appointed him COO of asset management, placing him in charge of the day-to-day management of Fidelity Management & Research Company (FMRCo), Pyramis Global Advisors and Strategic Advisers. He reported to Wilens.

It was not immediately clear whether Fidelity intends to name a new COO of asset management. 

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