Posted inPeople Moves

Fidelity appoints China boss

The managing director will lead the asset manager’s new wholly foreign owned enterprise.
Helen Huang, Fidelity International

Fidelity International has named Helen Huang as managing director, China, to head the asset management company that has been set up with the approval of the China Securities Regulatory Commission (CSRC).

Based in Shanghai, Huang will provide overall leadership in investment management, distribution, operations, and other key functions, as Fidelity establishes its wholly owned mutual fund business in China.

She joins Fidelity from Hwabao WP Fund Management, where she was most recently the chief executive officer responsible for developing and leading the mutual fund joint venture of almost 20 years and with $60bn of AUM (as of 2nd quarter 2022).

“China is a critical, long-term market for Fidelity and [Huang’s] appointment represents another key milestone in achieving our ambition to deliver a fully-fledged mutual fund and pension business for retail and institutional clients,” Rajeev Mittal, managing director, Asia Pacific ex-Japan, Fidelity International, said in a media statement.

Fidelity International has obtained CSRC approval to establish a wholly foreign owned enterprise (WFOE) asset management company in China. When the licence is granted, the firm will be able to offer investment services to retail investors and asset management services to institutional investors.

Part of the Mark Allen Group.