Morrison gets promoted

Fidelity Investments has appointed Charles Morrison as president of the company’s asset management organization.

In his new role, he will oversee Fidelity’s investment divisions that collectively manage US$1.9 trillion ($2.1 trillion) in retail and institutional assets on behalf of individual investors, intermediaries and institutions worldwide.

Morrison most recently served as president of the company’s more than US$750 billion ($835 billion) fixed income division. He succeeds Ronald P. O’Hanley, who recently announced his plans to leave the firm.

Morrison joined Fidelity as a corporate bond analyst in 1987 and, over the next several years, assumed roles with increasing responsibility.

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