IFAs have been told that KC Lee and Jay Talbot are stepping down from their roles as managers of Fid...
IFAs have been told that KC Lee and Jay Talbot are stepping down from their roles as managers of Fidelity's South East Asia and FIF Japanese funds.
A letter sent to IFAs by Robin Threadgold, md of Fidelity UK distribution, says Lee - who has been with the group for 16 years - is going to concentrate on the "wider investment role within Fidelity's Asia investment team" while Talbot - who has been managed the FIF Japan fund for over five years - will turn his attentions to domestic funds.
Allan Liu will work with Lee for a time and take over management on the South East Asia fund, having handled two management mandates for this region since 1990.
Portfolio manager Robert Rowland will take over management of Talbot's fund, adding to his existing experience as manager of existing Japanese equity mandated worth $500m.
Handover will officially take place on 1st August.
Both managers started with Fidelity as research analysts before taking on fund management positions, says Fidelity, which is typical of internal progress to manage portfolios.
IFA responses to follow...
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