Fidelity International's chief executive officer Anne Richards will step down from her full-time executive role after five years, the firm has announced.
Richards will remain as CEO during a period of transition led by the Fidelity International board that will take place “over the coming months”.
Further details on succession are expected to be communicated at a later date.
The firm said Richards will remain in the role of vice chairperson with an emphasis on helping the organisation with its key external relationships and strategic partnerships.
Abby Johnson, chairperson of Fidelity International, said: “Over the last five years Anne has accomplished a tremendous amount for our organisation in service of our clients.
“She has spearheaded the build out of a wide range of new capabilities and services across multiple markets, as well as our firmwide approach to sustainability, setting us firmly on the path for the future.”
Johnson additionally stated that Richards made “significant” progress in building a more diverse and inclusive workplace, leading initiatives such as enhanced parental leave, carers leave and dynamic working.
These initiatives ensured “we are well placed to attract and retain the best talent in a post pandemic world”.
Johnson added that she looks forward to working with Richards during this transition period.
“I am delighted she will stay with our business as vice chairperson, supporting us as we work together with our clients, employees and communities all around the world to build better financial futures,” she concluded.
Before joining Fidelity, Richards served as chief executive for M&G Investments from 2016 to 2018 and acted as global chief investment officer for Aberdeen Asset Management for over 12 years starting in 2003.
Additionally, she also served as chairperson of the Financial Conduct Authority’s practitioner panel for five years starting in 2013.
Currently, in addition to her position at Fidelity, she serves as a member of the board of directors at the Institute of International Finance, and as an ambassador for Women on Boards UK.
tom.dunstan@ft.com
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