Fidelity Worldwide Investment has strengthened its Australian team with the appointment of a head of wholesale and a national account manager.
Fidelity appointed Nick McDowell as Head of Wholesale Sales.
In this role, Nick will be responsible for driving the development and diversity of Fidelity’s wholesale funds business through Intermediaries including banks, insurance companies and financial advisers. He will also provide leadership and strategic direction to Fidelity’s wholesale sales team and have account responsibilities for some of the fund manager’s largest clients.
Nick was previously National Account Director for Fidelity and has over 13 years experience in the industry, having held senior roles at BT Investment Management, BT Financial Group and Westpac.
He reports to Gerard Doherty, Managing Director of Fidelity in Australia, who said: ”Our wholesale fund business has performed very well through this challenging period with positive flows and improved shelf space.
“There are signs that the industry is emerging from a difficult time and re-focusing on growth and we want to make sure we are well positioned to make the most of the emerging new growth.”
Fidelity has increased its funds under management over the past year by more than 20% to over $10 billion in its Australian, global and Asian equity capabilities.
Mark Jordan has been appointed National Account Manager.
He was previously Portfolio Specialist Equities for Perpetual Investment Management and has over 13 years experience in the industry having held roles at IWL and AXA Financial Planning.