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Rating:Fido Assigns Overseas Institutional Head Not Rated 3.0 Email Routing List Email & Route  Print Print
Monday, February 07, 2000

Fido Assigns Overseas Institutional Head

Reported by Jason Shank

Fidelity Investments has announced the appointment of David Stewart as head of the company's institutional businesses in the UK and Europe. In his new position as managing director of Fidelity Pensions Management, a division of Fidelity Investments Limited, an independent holding company for all of Fidelity's international investment operations.

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Stewart, 39, will report to Richard Horlick, managing director for Fidelity's global institutional business. Stewart has been running the Fidelity Emerging Markets Fund since November 1997 and has been at the Boston fund giant for the last six years. His duties on the Emerging Markets Fund will be taken over by Patricia Satterthwaite, who will continue to manage the Fidelity Latin America Fund and the Fidelity Advisor Latin America Fund.

In other managerial moves, Andrew Kaplan, the portfolio manager of the Fidelity Select Technology Fund will be leaving the company. His duties will be taken over by Lawrence Rakers, who also manages the Fidelity Select Computers Fund and Fidelity Advisor Technology Fund

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