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.
sister publication, The 401kWire
, first reported on the changes
Prior to becoming asset management COO, Perold served as president of Geode
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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