Fidelity has expanded its multi-asset team after poaching a portfolio manager from Janus Henderson.
Chris Forgan will join Fidelity as co-portfolio manager in September after 12 years at Henderson, managing its multi-asset funds.
It comes after the newly merged Janus Henderson announced the hire of veteran fund manager Dean Cheeseman to replace the outgoing Forgan.
Forgan will be part of Fidelity’s 34-strong multi-asset team, which has around £40 billion of assets under management (AUM). He will join the firm’s multi-asset income franchise, which has £6.4 billion in AUM and is led by Eugene Philalithis (pictured).
He will report to James Bateman, multi asset chief investment officer at Fidelity.
Commenting on Forgan’s appointment, Bateman said: ‘Chris’ appointment reflects the continued expansion of Fidelity's £40 billion multi asset business in line with growing client demand for multi asset solutions.’
He added: ‘The addition of another highly experienced manager enables the team to continue to meet client expectations and support further asset growth globally.’