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Fidelity International has appointed Marion Le Morhedec as global chief investment officer ( CIO ) for fixed income, effective in September.
Le Morhedec joins the company after two decades with AXA Investment Managers. Most recently, she served as its global head of fixed income and was a member of its management board. In this role, she managed a team of 110 professionals across eight locations.
Her previous roles include that of head of active fixed income for Europe and Asia, where she led a 30-member team and managed €70 billion ( US$ 80.95 billion ) in assets, with a strong focus on environmental, social and governance integration. Prior to this, she was the head of product specialists and solutions for core investment ( fixed income, equity and multi asset ).
Le Morhedec will report to Andrew Wells, CIO fixed income, multi and private assets, and will be based between Fidelity’s London and Paris offices. She replaces Steve Ellis who announced last year that he will leave the company to take a career break.
“We have made considerable investment into our fixed income business over the past year, developing talent from within and hiring some highly experienced portfolio managers externally,” Wells says. “The recent portfolio manager appointments of Mike Riddell and Ravin Seeneevassen added top-down macro expertise in the team, while Philip Fielding bolstered our emerging market debt strategies.
“Building on recent growth, Le Morhedec’s appointment further underlines our ambition to become a globally diversified leading manager of fixed income. She holds extensive experience in portfolio management, client interactions and business development, making her an exceptional addition to our leadership team.”
