Tim Connolly, one of Fidelity International’s senior institutional business development managers, will soon leave the manager for another sales role based in Melbourne.

Connolly will leave Fidelity after a four-year term as senior manager – institutional business development, to lead institutional sales for Tyndall Asset Management in Victoria, South Australia and Tasmania from a Melbourne office, starting in late October.

At Fidelity, Connolly managed institutional accounts across all of Australia. Tyndall’s head of institutional business, Justin Cowper, said Connolly built “an excellent track record of sales success” at Fidelity and showed strong relationship building and technical skills.

Gary Bailey, Fidelity’s head of institutional business, was unavailable at presstime for comment on the manager’s plans to replace Connolly, but it is understood that a search is underway to find suitable candidates.

Tyndall was not the only business keen to recruit Connolly. It is understood that Challenger Financial Services also attempted to lure the salesman from Fidelity.