Fidelity International chief executive Dame Anne Richards has announced she will be stepping down from her role in 2024.
In a LinkedIn post Richards explained that she will remain as vice chair within the company.
She said she will focus on helping the organisation with its “key external relationships”, including strategic partners and other key stakeholders.
Fidelity has not yet appointed a successor but Richards will remain in her CEO position during the transition period.
The company said further details will be announced regarding succession at a later date.
Richards has been CEO of Fidelity International for five years. Prior to that she was chief executive of M&G Investments, executive director at Prudential and vice president at JP Morgan Investment Management.
Commenting on her departure, she said: “It has been the privilege of my life to lead Fidelity International and steward it on its journey over the last five years. Fidelity is a company with a rich heritage that puts the client at the heart of what is does.
“It is also full of wonderful people who it has been a pleasure to work with. I am looking forward to continuing to work with them all in my new capacity when the times comes.”
Fidelity International chair Abby Johnson added: “Over the past 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 firm-wide 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.”
On 17 November, Fidelity International announced it had promoted Jackie Boylan to head of investor servicing.
The company said Boylan has taken on a new role within Fidelity International, working across its global platform businesses – its workplace investing, personal investing and adviser solutions platforms.
Boylan previously held the position of head of UK adviser platform.
Despite moving to a more global role, the UK will still remain a key part of her new position.
Fidelity said Boylan will look at how the business can “bring together expertise” and “strengthen the experience” it offers to clients.
Boylan’s new role will still have an adviser focus through the company’s IFA platform business, adviser solutions platforms.
However, her remit now includes workplace investing – its defined contribution pension business – as well as a direct-to-consumer effort through its personal investing arm.
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