Fidelity's first distribution agreement in Greece

Fidelity has signed a distribution agreement with Laiki bank to distribute its Luxembourg fund range in Greece. The agreement is Fidelity's first with a Greek bank. Fidelity has worked with Laiki Group in Cyprus since 1996. The group currently has a network of 15 branches in Greece and has plans to extend both its branch network and its electronic banking services over the next few years. It aims to have 24 branches by the end of the year. Fidelity's funds are registered with the local regulator, the Capital Markets Committee. Sian Parry, director of Fidelity Investments, said: "Laiki ...