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Fidelity appoints fixed income global CIO

by Funds Europe
17 June 2025
Fidelity appoints fixed income global CIO
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Bermuda-based asset manager Fidelity International has appointed Marion Le Morhedec as Global Chief Investment Officer (“CIO”), Fixed Income

She will join Fidelity in September after two decades with Axa Investment Managers. Most recently, she served as the Global Head of Fixed Income and was a member of Axa’s management board. In this role, she managed a team of 110 professionals across eight locations.

Her previous roles at Axa include Head of Active Fixed Income for Europe & Asia, where she led a 30-member team and managed €70bn in assets, with a strong focus on ESG integration.

Prior to this, she was Head of Product Specialists & Solutions for Core Investment (Fixed Income, Equity, Multi Asset).

In her new role she will report into Andrew Wells, CIO Fixed Income, Multi & Private Assets, and will be based between Fidelity’s London and Paris offices. She replaces Steve Ellis who announced last year that he will leave the company to take a career break.

Said Wells: “We have made considerable investment into our fixed income business over the past year, developing talent from within and hiring some highly experienced portfolio managers externally.

“The recent portfolio manager appointments of Mike Riddell and Ravin Seeneevassen added top-down macro expertise in the team, while Philip Fielding bolstered our emerging market debt strategies.”

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