Hicks switches to UK equity director role
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Peter Hicks is moving from his post as head of UK retail sales at Fidelity International and heading the FundsNetwork platform to become product director for UK equities.
He will work with Fidelity’s UK equity fund managers and act as a conduit between the investment team and Fidelity’s distribution teams.
Ben Waterhouse, who was recruited from Legal & General Investment Management in April, will take on Hicks’ responsibilities on the sales side while taking on the wider role of head of IFA and wholesale businesses. He was originally appointed as head of UK wholesale. Waterhouse joins Fidelity in August, when Hicks will start his new job.
The FundsNetwork sales team will report to Julian Webb, head of UK-defined contribution pensions.
Hicks says: “I am really excited about my new role. I have a huge interest in investment and relish the opportunity to become more involved with the growth and development of our range of UK equity funds as well as using my experience and knowledge of distribution to serve our client well.”
UK managing director Gary Shaughnessy says: “Ben was originally joining us as head of UK wholesale but, as he also currently has responsibility for IFA sales at Legal & General, a wider role covering both areas will work well.
“As our platform supports both corporate and advised clients, bringing the FundsNetwork and DC sales teams into the same area is consistent with our new combined approach to platform development and while the two sales teams will remain entirely separate, they will be able to benefit from other synergies in our platform business.”
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