Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Fidelity’s Richard Skelt retires after 23 years

Fidelity’s Richard Skelt retires after 23 years

Richard Skelt has retired from Fidelity after 23 years at the firm, Wealth Manager can reveal.

Skelt (pictured) joined Fidelity in 1991 as a research analyst, rising to head of quantitative research at the group in the mid-1990s. He also founded the Investment Solutions Group at Fidelity, the multi-asset team that now manages almost £25 billion.

In May last year Skelt stepped back from the funds he ran to focus on investment strategy, with James Bateman becoming lead manager on the £865 million Fidelity Wealthbuilder and £529 million Fidelity Moneybuilder Global funds.

Skelt remained as the funds’ co-manager and will be replaced in that position by Nick Peters, who joined Fidelity from Barclays Wealth in 2012.

Peters already helms Fidelity’s £1.2 billion International offshore fund, with Skelt as co-manager. In that role Skelt will be succeeded by Ayesha Akbar, who also runs the onshore £220 million Fidelity International fund alongside Peters.

A spokesperson for Fidelity told Wealth Manager: ‘We do not expect Richard’s departure to have a meaningful impact the management of our clients’ portfolios, given the team’s co-PM structure.

'There will be no change in style or approach, and no restructuring or disruption to the portfolios. The lead and co-PMs have been chosen based upon their asset-class expertise and experience, to represent the relevant mix of asset-class skill sets for each portfolio. They are all senior members of the team.’

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Brewin's Gutteridge: Yuan direction

Brewin's Gutteridge: Yuan direction

This week Brewin Dolphin's research head chats to Fidelity Asian Investment Directors Jenny Lee and Gary Monaghan about the big changes in China.

Play On the Road Challenge: horsing around on the polo pitch

On the Road Challenge: horsing around on the polo pitch

Libby Ashby takes to the polo pitch with Stuart Leigh-Davies from Redmayne-Bentley for an 'On the Road' challenge.

Brewin's Gutteridge: where Miton's Godber sees value

Brewin's Gutteridge: where Miton's Godber sees value

This week Brewin Dolphin's research head talks to George Godber, co-lead fund manager of the Miton UK Value Opportunities fund, about value investing.

Your Business: Cover Star Club

Profile: what tempted Brewin's Glasgow team over to Rathbones?

Profile: what tempted Brewin's Glasgow team over to Rathbones?

Rathbones’ Glasgow office has only been open for three months but the team, led by Angus Kerr, has already attracted new clients

Wealth Manager on Twitter