Top executives exit Fidelity after restructure

Fidelity Investments has lost two senior staff members with the departure of Charles Wall, Australian investment director, and the group’s director of sales and marketing, Jenny Josling, following a restructure late last year.

As part of the restructure, the role of investment director has been made redundant and Josling’s previous role has been split in two. Megan Unsworth has been internally promoted to head of intermediary sales, with an appointment for head of institutional sales to be announced shortly. Michael Ohlsson, who was appointed as Fidelity’s managing director last year said the changes were consistent with the Fidelity model around the world. Wall joined Fidelity in May 2002 from NRMA Asset Management, now IAG Asset Management. He took over from Michael Gordon who was promoted to Fidelity Asia Pacific chief investment officer. Gordon is now based in London.

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Suspensions and redemption queues ‘speed bumps’ on private credit road: Blue Owl

Asset owners are right to be concerned about private credit fund suspensions and redemption queues, Blue Owl head of alternative credit Ivan Zinn told the Investment Magazine Fiduciary Investors Symposium, but he thinks that two years from now they’ll be looked back on as nothing more than a “speed bump” on a highway of growth and strong returns.

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