Fidelity International product director for UK equities Peter Hicks is leaving the firm after eight years.
Hicks is stepping down next month with William Russell taking on the role in the interim while Fidelity looks to appoint a permanent successor.
Hicks joined Fidelity in 2003. It is understood that he is taking time out from the financial services industry.
Fidelity has also announced new heads for its platform and workplace savings market. David White is now the head of FundsNetwork, while Julian Webb becomes head of its new DC and workplace saving business.
White joined Fidelity in 2002 and was previously the head of UK retail marketing, with a particular focus on FundsNetwork.
Fidelity has also appointed Pete Burtonshaw to head of platform development. Burtonshaw will be tasked with overseeing the delivery of Fidelity’s increased investment programme on its platform and supporting growth of Fidelity’s DC and retail businesses in the UK and covering the major regulatory changes coming into the market.
Fidelity International UK managing director Gary Shaughnessy says: “Workplace investing is quite simply going to change the way people save in this country. The shift towards wanting to save or buy your Isa through your employer is gathering pace and as one of the leading ISA and occupational pension providers in the UK, we want to be at the forefront of this revolution. We have an existing substantial presence in the employer marketplace through the DC pension schemes which we manage or administer so this is a natural evolution for our business.
“FundsNetwork is an equally dynamic and fast growing part of Fidelity and the significant level of investment we continue to make in our platform, in its people, and the technology development programme, ensures that it will continue to grow and meet the evolving needs of advisers both in the run up to RDR and way beyond.”