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Whelan to join Fidelity Intl for European multi-manager

Fidelity International has appointed of Dermott Whelan to its multi-manager team as portfolio manager.

Whelan has been at US investment firm Morgan Stanley for 18 years and has a 10-year track record in investment management. He will run Fidelity’s European equity portfolio when he joins in March.

As well as running European equities at Morgan Stanley, Whelan also has experience in fixed interest, long-only fund selection, hedge funds and private equity.

The appointment is the fourth to the team in recent months, following Eugene Philalithis who was appointed as fixed-income specialist in September and Geraldine Stewart who heads investment for the multi-manager arm. The group also recruited 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 after the departures of Chris Ralph, Jason Collins and Simon Mungall to set up Maia, a joint-venture multi-manager boutique with Resolution.

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