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News Release from: Fidelity International | Subject: New appointment
Edited by the Insidemoneytalk Editorial
Team on 28 January 2008
Fidelity International hires Morgan
Stanley veteran as Multimanager
Portfolio Manager
Dermott Whelan brings 12 years of investment experience
Third senior hire in six months Fidelity International is delighted to announce that Dermott Whelan, who has spent the past 18 years at US investment giant Morgan Stanley, is to join the MultiManager team as a portfolio manager Mr Whelan brings a 10-year investment management track-record to Fidelity, including top quartile performance in segregated European equities over three and five years
This article was originally published on Insidemoneytalk on 16 Apr 2007 at 8.00am (UK)
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He will run European equity portfolios for the Fidelity MultiManager team.
His recruitment follows the hiring in September of Eugene Philalithis, a fixed income specialist, and the appointment of Geraldine Stewart, a long-serving Fidelity investment professional, as Head of Investment for the Fidelity MultiManager business.Geraldine Stewart, Head of Investment, Fidelity International's MultiManager Business: "We are delighted to welcome Dermott to Fidelity.
He has long experience and deep knowledge across a number of asset classes, and success as both a private client portfolio manager and fund of funds manager with one of the world's leading investment organisations, will further strengthen our team of investment professionals." Dermott Whelan: Dermott Whelan will join Fidelity International's MultiManager Business in March 2008 as Portfolio Manager within the MultiManager Investment Team, covering Europe.
Further reading
Fidelity International 2007 Global Credit Outlook: "Calm conditions with showers on the horizon"
The global credit market remains strong in 2007, with good corporate fundamentals, but bond investors will need quality research to generate returns and steel themselves for future storms.
Diversification sets multimanager distribution fund apart, says Fidelity International
With diversification becoming increasingly important over the last decade, how can investors be sure to get the right balance of risk and return? asks Fidelity International.
Prior to joining Fidelity, Mr Whelan spent 18 years at Morgan Stanley where he built up extensive market knowledge across equity, fixed income, long only fund selection, hedge funds and private equity.
Mr Whelan has over 12 years of investment management experience, is a qualified accountant and became an associate member of the Institute of Investment Management and Research in 1999.
About the MultiManager team: Fidelity's MultiManager senior investment team is now in place.
Geraldine Stewart took up the position of Head of Investment last year, with responsibility for the team of portfolio analysts and the investment support functions for third party funds.
She was formerly Head of Equity Research at FIL.
Richard Skelt, as CIO of the Investment Strategies Group, has overall responsibility for investment strategy for the products and solutions managed by the team.
Fidelity International Limited ('FIL') and its subsidiary companies serve the major markets of the world by providing investment products and services to individuals and institutional investors outside the US.
The FIL Organisation manages a total of £51.7 billion of assets.
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