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Peter Hicks leaves Fidelity as it embarks on strategic shake-up
by Michelle McGagh on Jun 17, 2011 at 09:25
Fidelity investment director Peter Hicks is leaving the business.
According to a Fidelity spokeswoman, Hicks (pictured) was 'going to take a break and do something outside of the industry'. A replacement for Hicks, who has worked for Fidelity for 13 years, has not been named.
As part of a separate strategic shake-up at the business, David White has been appointed head of Fidelity FundsNetwork and Julian Webb as head of the newly created DC and workplace savings business.
White was previously head of UK retail marketing at the fund supermarket. He will now be responsible for developing the business and delivering platform enhancements.
Webb will relinquish the responsibility of head of platform sales to focus on workplace savings and the execution-only marketplace.
Former head of platforms Pete Burtonshaw will focus on platform development.
Gary Shaughnessy, UK managing director of Fidelity International, said: ‘These appointments underline the importance we place on these key markets, and our determination to continue to deliver to advisers, employers, trustees and members of company pension schemes as these markets evolve.’
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