Gerard Doherty departs as Fidelity CEO
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.
Recommended for you
Financial advice platform Otivo has made an experienced appointment from the US as its head of product strategy.
Apostle Funds Management has appointed the newly created position of director, head of wholesale as the firm expands its Australian footprint in the wholesale sector.
Recruitment manager Robert Half has shared the most in-demand roles in financial services that firms are finding difficult to fill, driven by ASIC’s growing focus on risk and compliance.
ASIC chief executive, Warren Day, is among senior executives to depart the corporate regulator amid changes to its leadership team.