Fidelity has appointed Marion Le Morhedec as global chief investment officer for its fixed income team.
Le Morhedec will join the firm in September after two decades with AXA Investment Managers.
Most recently, she served as the global head of fixed income and was a member of AXA Investment Managers’ Management Board.
In this role, she managed a team of 110 professionals across eight locations.
Her previous roles at AXA Investment Managers include head of active fixed income for Europe & Asia, where she led a 30-member team and managed €70bn in assets, with a strong focus on ESG integration.
Prior to this, she was head of product specialists & solutions for Core Investment (fixed income, equity, multi asset).
Le Morhedec will report to Andrew Wells, CIO fixed income, multi & private assets, and will be based between Fidelity’s London and Paris offices.
She replaces Steve Ellis, who announced last year that he will leave the company to take a career break.
There has been a ‘backlash to the ESG backlash’, says Fidelity
Wells said: “We have made considerable investment into our fixed-income business over the past year, developing talent from within and hiring some highly experienced portfolio managers externally.
“The recent portfolio manager appointments of Mike Riddell and Ravin Seeneevassen added top-down macro expertise in the team, while Philip Fielding bolstered our emerging market debt strategies.
“Building on recent growth, Marion’s appointment further underlines our ambition to become a globally diversified leading manager of fixed income.
“She holds extensive experience in portfolio management, client interactions and business development, making her an exceptional addition to our leadership team.
“I am delighted to welcome someone of such calibre into the company, and I know that our fixed-income business will continue to thrive and grow for the benefit of our clients under her leadership.”
Le Morhedec added: “I am very excited to be part of a truly international company with such a strong investment culture and focus on clients.
“With the depth of talent already in place across the fixed-income investment team and the breadth of strategies on offer, there is a tremendous opportunity to deliver strong, long-term outcomes for clients around the world.”
