Fidelity looks for new chief
Michael Ohlsson
Global investment manager Fidelity International has announced the resignation of the managing director of its Australian operation, Michael Ohlsson.
The news brings to an end Ohlsson’s three-year stint as head of Fidelity Investments Australia, having joined the firm in 2004 from Barclays Global Investors.
Fidelity International president Asia Pacific Brett Goodin said: “Michael has done an excellent job of advancing Fidelity’s intermediary business in Australia and strengthening Fidelity’s presence in the institutional market.”
Ohlsson will be staying on at the helm of the Australian business until the end of October with a view to allowing a handover process to take place for his successor.
A spokesperson for Fidelity revealed the company has immediately begun searching for a new managing director, with both internal and external candidates being considered.
“We’re starting an active search for somebody now. There’s a good talent pool in the Australian market, so we believe we will fill the position soon,” the spokesperson said.
“Michael’s had a three-year tenure here, and during that time the company has gone through significant change,” the spokesperson said.
“We launched 10 funds in November, we’ve built on the domestic investment team here, and we’ve now got 40 people working for Fidelity in Australia and a further 60 in the Asia Pacific Services Centre. So, clearly, throughout his time here we’ve grown the business significantly,” the spokesperson added.
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