Fidelity has announced that its Australian CEO, Gerard Doherty, has made the decision to depart the company immediately after five years.
Fidelity managing director of Asia ex-Japan Mark Talbot said he will take direct management responsibility for the Australian business until a replacement country head is appointed.
"I am grateful to Gerard for his contribution to the company and, on behalf of us all, would like to wish him luck in whatever he chooses to do in the future," he said.
"Our strategy for growth in the Australian market remains unchanged and the executive team is well placed to drive this strategy forward as we search for a suitable replacement."
Talbot added that the Sydney-based investment management function led by Paul Taylor remains unaffected and has a separate reporting line to the chief investment officer of Asia Pacific.
