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Fidelity hires Morgan Stanley stalwart to multi-manager team

Fidelity International has announced the appointment of Dermott Whelan to its MultiManager team as portfolio manager.

Whelan has spent the past 18 years at US investment firm Morgan Stanley and has a 10 year track record in investment management. He will run Fidelity’s European equity portfolio when he arrives in March.

In addition to running European equities at Morgan Stanley, Whelan also has general experience in fixed interest, long-only fund selection, hedge funds and private equity.

Whelan’s appointment is the fourth to the team in recent months, following that of Eugene Philalithis as fixed income specialist in September and that of Geraldine Stewart as head of investment for the multi-manager arm. The group also hired former Bates Investment Services head of communications Paul Illot.

Stewart says: “We are delighted to welcome Dermott to Fidelity. He has long experience and deep knowledge across a number of asset classes, and success as both a private client portfolio manager and fund of funds manager with one of the world’s leading investment organisations, will further strengthen our team of investment professionals.”

Fidelity has been looking to bolster its team in the past few months following the departures of Chris Ralph, Jason Collins and Simon Mungall to set up Maia, a joint venture multi-manager boutique with Resolution.


Partnership offers annuity to smokers

Partnership Assurance is offering an annuity exclusively for smokers aged over 50 who have smoked at least 10 cigarettes a day for the last 10 years or more.

Fipp can flip pension income options

Hornbuckle Mitchell is offering a drawdown product which allows retirees to move into a scheme pension.The flexible income pension plan gives investors the ability to switch to more suitable options as their circumstances change.The Fipp is structured to allow a combination of tax-free cash withdrawal and income drawdown as well as the ability to move […]

Virgin Money launches climate change fund

Virgin Money has launched a climate change fund which will invest in environmentally focused companies to drive investment returns. Unlike typical ‘green’ funds, the Virgin climate change fund can invest inall industry sectors but will only invest in companies with lighter than average environmental footprints for their sector. Research from Virgin Money founds that up […]

Gross mortgages lowest for two years

Gross mortgage lending in December was at its lowest monthly figure for over two years, falling by 25 per cent from November’s figure. The Council of Mortgage Lenders estimates December’s gross lending at 22.6bn, the lowest monthly figure since May 2005.

Qatar cover image - thumbnail

White paper — Qatar International Insights

Jelf Employee Benefits highlights new legislation, key requirements and policy considerations when structuring international private medical insurance (IPMI) for expatriate employees in Qatar. This edition will be of particular interest to global human resource directors, compensation and benefits specialists and mobility managers who have employee populations in Qatar.


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