Fidelity Investments has appointed Simon Fraser as chief investment officer UK and Europe.
Fraser who will be based in London will oversee a team of 78 UK and European portfolio managers and analysts.
Previously Fraser was Fidelity's CIO for Asia/Pacific in Tokyo. His replacement in Tokyo is Robert Auld formerly the investment managers CIO for South East Asia in Hong Kong.
Fidelity president Barry Bateman says: "One of our greatest strengths is our global investment research process. Simon's extensive experience across a number of international markets will enhance our understanding of these markets and help strengthen our money management expertise for the benefit of our customers around the world."