Fidelity International has appointed Marion Le Morhedec as global chief investment officer, fixed income.
Morhedec (pictured) joins Fidelity in September after two decades with Axa Investment Managers. Most recently, she was the global head of fixed income and a member of Axa Investment Managers’ Management Board. In this role, she managed a team of 110 professionals across eight locations, according to a statement by Fidelity.
Morhedec’s previous roles at Axa Investment Managers include head of active fixed income for Europe & Asia, where she led a 30-member team and managed €70bn ($81bn) in assets, with a strong focus on ESG integration. Prior to this, she was head of product specialists & solutions for core investment (Fixed Income, Equity, Multi Asset).
Morhedec will report to Andrew Wells, CIO fixed income, multi & private assets, and will be based between Fidelity’s London and Paris offices. She replaces Steve Ellis who announced last year that he will leave the company to take a career break.
Wells said: “Building on recent growth, Marion’s appointment further underlines our ambition to become a globally diversified leading manager of fixed income.”
During the past year, Fidelity has hired three other senior investment professionals to the fixed income team. These include Mike Riddell, portfolio manager, unconstrained bond strategies, Ravin Seeneevassen, portfolio manager, unconstrained bond strategies and Philip Fielding, portfolio manager, emerging market debt strategies.
“We have made considerable investment into our fixed income business over the past year, developing talent from within and hiring some highly experienced portfolio managers externally. The recent portfolio manager appointments of Mike Riddell and Ravin Seeneevassen added top-down macro expertise in the team, while Philip Fielding bolstered our emerging market debt strategies,” Wells said.
Morhedec addded: “With the depth of talent already in place across the fixed income investment team and the breadth of strategies on offer, there is a tremendous opportunity to deliver strong, long-term outcomes for clients around the world.”
