Claire Dwyer (pictured) has been promoted to head of investment companies at Fidelity International, replacing Alex Denny who will leave at the end of October after 18 years at the firm.
Having joined Fidelity in January 2011, Dwyer will step into the role after leading the firm’s regulatory solutions team for the last 15 months.
Denny is moving to private wealth platform Pantheon, where he will become managing director for European private wealth. He was previously director of investment trusts at Fidelity before assuming the head of investment companies role in 2017.
Dwyer said: “I am thrilled by the opportunity to lead a business with such a rich investment heritage and track record in delivering for shareholders. I look forward to working with Fidelity’s talented teams to accelerate our journey of growth and innovation; the potential is tremendous. In these challenging times it’s especially important that our clients have access to the very best investment products, and we will work tirelessly to ensure they do.”
Hugh Prendergast, global head of product, said: “We are delighted to appoint Claire as head of investment companies to lead such a valuable strategic asset for Fidelity. The investment company franchise has grown to in excess of $5bn, making a considerable contribution to our business. We remain committed to investing and growing the investment companies business under Claire’s stewardship.
“I would also like to take a moment to thank Alex Denny for his contribution and long service at Fidelity International. He has been a highly respected and well-liked colleague, appreciated for his deep industry knowledge, transparency, integrity and professionalism. We wish him all the best in his future.”
See also: Newton IM’s head of equity income lands at Fidelity