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.

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The new Directors replace Michael Bargholz, former CEO of AllianceBernstein Australia, and John Van Der Wielen, former Managing Director of Wealth at ANZ, who both recently resigned from the Board.

Financial Services Council Chairman Peter Maher, Group Head of Banking and Financial Services Group at Macquarie Bank, welcomed the new appointments.

“Gerard Doherty and Ben Heap bring with them a wealth of experience and knowledge of the financial services industry and will be valued contributors to the work of the Financial Services Council,” Mr Maher said.

“On behalf of the Board, I would like to thank John Van Der Wielen and Michael Bargholz for their service as Directors.”

Financial Services Council Board
Chairman – Peter Maher, Group Head of Banking and Financial Services Group, Macquarie Bank.

Deputy Chair – Brian Bissaker, CEO, Colonial First State Investments & Greg Cooper, CEO, Schroder Investment Management Australia.

Directors

• Pauline Blight-Johnston, Managing Director, RGA Reinsurance Company of Australia.
• Robin Burns, Managing Director, Equity Trustees.
• Brad Cooper, CEO, BT Financial Group.
• Gerard Doherty, Managing Director, Fidelity Australia.
• Ben Heap, Managing Director, UBS Global Asset Management in Australia & New Zealand.
• Craig Meller, Managing Director, AMP Financial Services.
• Geoff Summerhayes, CEO, Suncorp Life & Superannuation.
• Steve Tucker, CEO, MLC.
• Ian Ward-Ambler, Managing Director, Goldman Sachs Asset Management.
• Maria Wilton, Managing Director, Franklin Templeton Investments Australia.

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