Posted inPeople Moves

Anne Richards to step down as Fidelity chief executive

She will retain her position as vice chair.

Anne Richards will step down from her role as CEO of Fidelity International, according to the firm, after being at its helm for five years.

She will maintain her role as vice chair, focusing on Fidelity’s external relationships and strategic partnerships.

Richards’s transition out of the role will take place over the coming months, overseen by the firm’s board. There have been no details yet on who the successor will be.

Abby Johnson, chair of Fidelity International, said: “Over the last five years Anne has accomplished a tremendous amount for our organisation in service of our clients. She has spearheaded the build out of a wide range of new capabilities and services across multiple markets, as well as our firmwide approach to sustainability, setting us firmly on the path for the future. She made significant progress in building a more diverse and inclusive workplace, leading initiatives such as enhanced parental leave, carers leave and dynamic working, ensuring we are well placed to attract and retain the best talent in a post pandemic world.

“I look forward to working with her during this transition period and I am delighted she will stay with our business as vice chair, supporting us as we work together with our clients, employees and communities all around the world to build better financial futures.”

Prior to her time at Fidelity, Richards (pictured) was chief executive of M&G and director of Prudential Group plc. She was also global chief investment officer, head of EMEA and director of Aberdeen Asset Management, as well as co-CEO and director of Edinburgh Fund Managers Plc. Richards is an ambassador for Women on Boards.

This story first appeared on our sister publication, Portfolio Adviser.

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