Fidelity is making more changes in the income solutions marketplace. I wrote about key changes to Equity-Income and Equity-Income II in your November issue; and one that we traded into this week. Today's announcement relates to management changes; all positive and significant steps towards garnering more attention to the excellent (but still too often overlooked) fixed income product lineup.
The changes announced today are leadership appointments within its Fixed Income Division, which includes the company’s Bond Group and Money Market Group. These appointments include:
- Robert P. Brown has been named president of Fidelity’s Bond Group, succeeding Christopher Sullivan. Brown was previously president of Money Markets.
- Nancy D. Prior has been promoted to president of Money Markets, succeeding Brown. Most recently, Prior was a managing director of Credit Research.
- Christopher Sullivan has been named head of Institutional Fixed Income, a newly created role.
- David E. Hamlin has been promoted to head of Research for Fixed Income, a newly created role. Hamlin was previously a managing director of Credit Research.