Fidelity International has announced the appointment of James Sun as general manager, FIL Fund Management (China) Co., Ltd.
Sun (pictured) will provide overall leadership for the US asset manager’s wholly owned mutual fund business in China, enhancing distribution strategy, product portfolio management, investment capabilities and talent development, according to a statement by Fidelity.
He is based in Shanghai and will report to Helen Huang, chairman of FIL Fund Management (China).
Sun joins Fidelity from Tradeweb, a global operator of electronic securities marketplaces, where he was head of Asia. He was previously CEO at Harvest Global Investments, the overseas arm of Harvest Fund Management, one of China’s largest asset management firms.
Prior to that, Sun spent 17 years with Charles Schwab, including the role of managing director, Asia Pacific.
Damien Mooney, head of Asia Pacific ex-Japan, Fidelity International, commented: “China is a critical, long-term market for Fidelity. [Sun’s] appointment represents another key milestone in achieving our ambition to deliver a fully-fledged mutual fund and pension business for both retail and institutional clients.”
“We are fully committed to leveraging the very best of Fidelity’s global and local capabilities to help Chinese investors build better financial futures.”
Huang added: “Since receiving our mutual fund license, we’ve achieved significant milestones and established a strong foundation for future growth. [Sun] brings with him deep expertise and a global perspective shaped by decades in the finance industry.”
Fidelity International entered China’s asset management industry in 2004 and has three offices in Shanghai, Dalian and Beijing.
In December 2022, Fidelity International was granted the licence to conduct a mutual fund business in China by the China Securities Regulatory Commission (CSRC).
Since receiving this approval, Fidelity International has been able to commence a wholly owned mutual fund business in China and serve a wider group of investors in the country with a consistent approach as in all its global markets.
