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Fidelity International picks Di Bon as head of global equities

Fidelity International has appointed of Ilario Di Bon as head of global equities.

Di Bon will head the global equities investment team, which covers sector, US and global emerging markets desks. He will also have responsibility for broadening the firm’s institutional global equity product range.

Di Bon joins from UBS Asset Management where he was lead portfolio manager across a number of global equity portfolios. During his eight year stint with the firm he was also head of global equity research, and latterly, head of Japanese equities.

He is expected to join the firm in May and will report to Fidelity chief investment officer Nicky Richards.

Richards says: “Ilario’s skills in research and as a portfolio manager make him ideally suited to take on the responsibility for leading the development of our global equity investment capabilities for clients in Europe and Asia. The Fidelity global focus and global special situations funds have excellent performance. Our next step is to build on the range of global and US equity strategies that we manage from London.”


Threadneedle takes its brand to the US

London-based asset manager Threadneedle is to expand its presence into the US market. Threadneedle will launch in the US through RiverSource Investments, of which it is already an affiliated sub-adviser. It currently runs four RiverSource mutual funds that will be re-branded Threadneedle, clearly differentiating its products from RiverSource domestic fund offerings. The four funds are […]

Resolution AM appoints head of retail sales

Resolution Asset Management (RAM) has appointed Austin McBride as head of retail sales.McBride joins from Lazard Asset Management where he was vice president, strategic alliances. He has also held roles at Barclays Business Bank and Henderson Global Investors.Former head of sales Alistair Hall is taking on the new role as head of UK client proposition […]

Woodbridge warns of hidden danger in structured pricing

Chelsea Financial Services adviser Matthew Woodbridge is warning advisers to be aware of the effect of intra-day strike prices on structured products during volatile markets.Woodbridge says not all advisers are aware that the performance of structured products is often based on intra-day pricing rather than the closing price of an index or stocks.He says this […]

FSA go-ahead for Praemium SMAs

Praemium has received FSA authorisation to launch its separately managed account funds in the UK. Smartfund will allow dist-ribution firms to create their own funds to build assets under management without taking on the role of fund or investment manager.


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