$4.8 Trillion Asset Manager Fidelity to Cut Around 20 Employees in China Representing 16% of China Employees, Fidelity Cutting 1,000 International Jobs Representing 9% of Total Employees, Fidelity International with $776 Billion AUM to Reduce $125 Million of Yearly Expenses in Cost Reduction Program
21st March 2024 | Hong Kong
Leading asset manager Fidelity International (Fidelity $4.8 trillion AUM) has been reported to be cutting around 20 employees in China representing 16% of China employees. Earlier in March 2024, Fidelity announced to cut 1,000 international jobs representing 9% of Fidelity International employees. Fidelity international with $776 billion AUM (Assets under Management) is targeting to reduce $125 million of yearly expenses in the cost reduction program. In March 2024, Fidelity International had appointed Keith Metters as President succeeding Anne Richards on 1st March 2024. The CEO title changed had been changed to President. Anne Richards will remain at Fidelity and is appointed as Vice-Chair. Keith Metters – Keith was appointed to lead Fidelity International as President in March 2024. Having joined in early 2020, Keith previously led Fidelity International’s Global Workplace Investing business, and more recently its wider Global Platform Solutions business. He spent over 20 years at Fidelity Investments in the US in a variety of roles, culminating in leading its Workplace Investing Core Market division. Prior to joining Fidelity Investments, he served in various finance and strategy roles in the telecommunications industry and was an Infantry Officer in the United States Army. In 2023 November, Fidelity International CEO Anne Richards announced to step down as CEO and is appointed as Vice-Chair. Anne Richards has more than 30 years of asset management industry experience joining Fidelity in 2018 from M&G Investments (Chief Executive), and prior was with Prudential (Executive Director), Aberdeen Asset Management (Global Chief Investment Officer), Edinburgh Fund Managers (Chief Executive), Mercury Asset Management (Managing Director), JP Morgan Investment Management (Vice-President) and Alliance Capital (Research Analyst).
“ $4.8 Trillion Asset Manager Fidelity to Cut Around 20 Employees in China Representing 16% of China Employees, Fidelity Cutting 1,000 International Jobs Representing 9% of Total Employees, Fidelity International with $776 Billion AUM to Reduce $125 Million of Yearly Expenses in Cost Reduction Program “
$4.8 Trillion Asset Manager Fidelity to Cut 1,000 International Jobs Representing 9% of Employees, Fidelity International with $776 Billion AUM to Reduce $125 Million of Yearly Expenses in Cost Reduction Program, Fidelity International Appointed Keith Metters As President Succeeding Anne Richards on 1st March 2024, CEO Title Changed to President, Anne Richards Appointed as Vice-Chair
9th March 2024 – Leading asset manager Fidelity International (Fidelity $4.8 trillion AUM) has announced to cut 1,000 international jobs representing 9% of Fidelity International employees. Fidelity international with $776 billion AUM (Assets under Management) is targeting to reduce $125 million of yearly expenses in the cost reduction program. Earlier in March 2024, Fidelity International had appointed Keith Metters as President succeeding Anne Richards on 1st March 2024. The CEO title changed had been changed to President. Anne Richards will remain at Fidelity and is appointed as Vice-Chair. Keith Metters – Keith was appointed to lead Fidelity International as President in March 2024. Having joined in early 2020, Keith previously led Fidelity International’s Global Workplace Investing business, and more recently its wider Global Platform Solutions business. He spent over 20 years at Fidelity Investments in the US in a variety of roles, culminating in leading its Workplace Investing Core Market division. Prior to joining Fidelity Investments, he served in various finance and strategy roles in the telecommunications industry and was an Infantry Officer in the United States Army. In 2023 November, Fidelity International CEO Anne Richards announced to step down as CEO and is appointed as Vice-Chair. Anne Richards has more than 30 years of asset management industry experience joining Fidelity in 2018 from M&G Investments (Chief Executive), and prior was with Prudential (Executive Director), Aberdeen Asset Management (Global Chief Investment Officer), Edinburgh Fund Managers (Chief Executive), Mercury Asset Management (Managing Director), JP Morgan Investment Management (Vice-President) and Alliance Capital (Research Analyst).
Fidelity International CEO Anne Richards Steps Down as CEO & Appointed as Vice-Chair, More than 30 Years of Asset Management Industry Career Joining Fidelity in 2018 from M&G Investments & Was Previously Chief Investment Officer at Aberdeen Asset Management
24th November 2023 – Fidelity International CEO Anne Richards has announced to step down as CEO and is appointed as Vice-Chair. Anne Richards has more than 30 years of asset management industry experience joining Fidelity in 2018 from M&G Investments (Chief Executive), and prior was with Prudential (Executive Director), Aberdeen Asset Management (Global Chief Investment Officer), Edinburgh Fund Managers (Chief Executive), Mercury Asset Management (Managing Director), JP Morgan Investment Management (Vice-President) and Alliance Capital (Research Analyst). Abby Johnson, Chair of Fidelity International: “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 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.”
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