Fidelity International Archives | International Adviser https://international-adviser.com/tag/fidelity-international/ The leading website for IFAs who distribute international fund, life & banking products to high net worth individuals Fri, 17 Jan 2025 13:04:34 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://international-adviser.com/wp-content/uploads/2022/11/ia-favicon-96x96.png Fidelity International Archives | International Adviser https://international-adviser.com/tag/fidelity-international/ 32 32 Quilter Investors hires Fidelity’s Sophie Outhwaite as senior manager research analyst https://international-adviser.com/quilter-investors-hires-fidelitys-sophie-outhwaite-as-senior-manager-research-analyst/ Fri, 17 Jan 2025 13:04:34 +0000 https://international-adviser.com/?p=313819 Quilter Investors, the multi-asset investment business of Quilter plc, has Sophie Outhwaite as senior manager research analyst. She will be primarily responsible for covering Europe and UK equities, reporting to Kristian Cassar, head of manager research at Quilter Investors.

Outhwaite brings with her 16 years of industry experience. Most recently, Outhwaite was head of investment research solutions at Fidelity International, where she led a global team focused on advancing research performance assessment and proprietary research data visualisation across fixed income and equities.

Prior to that Outhwaite spent nearly 12 years in wealth management at Whitley Asset Management (recently acquired by Cazenove) and Stanhope Capital. At Stanhope Capital, Outhwaite held the positions of head of equities and head of responsible investment.

In addition to her role at Quilter Investors, Outhwaite serves as a trustee/director of Glasspool Charity Trust. She is a Chartered Fellow of the CISI and holds the CFA ESG Certificate.

Kristian Cassar said: “We are thrilled to welcome Sophie to the team. Her extensive experience and proven track record in both equities and responsible investment will be invaluable as we continue to enhance our research capabilities and deliver the best outcomes for our clients.”

Outhwaite added: “I am excited to join Quilter Investors and contribute to the firm’s commitment to excellence in investment research. I look forward to working with the talented team here and leveraging my experience to drive further advancements in our research

 

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Fidelity International signs deal with ASX-listed Bravura to acquire tech licence for £29m https://international-adviser.com/fidelity-international-signs-deal-with-asx-listed-bravura-to-acquire-tech-licence-for-29m/ Wed, 07 Aug 2024 09:16:36 +0000 https://international-adviser.com/?p=308073 Fidelity International has signed a new agreement with Australia-listed Bravura Solutions Limited to acquire a licence to develop and continue to operate its industry-leading Sonata platform for £29m.

The new agreement, which took effect on 6 August, will allow Fidelity to build on Bravura’s investment in Sonata, which underpins Fidelity’s UK Adviser Solutions and Personal Investing platforms. The licence allows Fidelity to use, modify, and further develop Sonata to meet the evolving needs of its advisers and retail investors.

As part of the new agreement, a small number of Bravura’s team who are already supporting Fidelity in India and the UK will transfer to Fidelity over the course of the next twelve months to ensure ongoing business continuity. In parallel Bravura will continue to provide technical and operational expertise to Fidelity as it maintains and develops Sonata to meet its future needs.

Fidelity selected Bravura’s market-leading wealth and investment administration system, Sonata, in 2013 as part of a joint multi-million, multi-year investment programme, enhancing the platform for its advisers and their clients. This development programme has delivered enhanced capability, as well as an extended range of assets.

This has helped support Fidelity’s success in recent years, enabling the transition from funds supermarket to wrap platform, including new features such as cash management options and discretionary fund management services.

Stuart Warner, head of global platform solutions, Fidelity International, said: “We’re wholly committed to the continuous development of our UK platforms and will continue to enhance the products and services we offer to meet the changing needs of our advisers and clients.

“Sonata is integral to our platform business. This new agreement will allow us (Fidelity) to bring Sonata development in-house and align further technology investment with our strategic objectives, while delivering new solutions.

“We selected Sonata in 2013 and continue to enjoy a productive and collaborative relationship with Bravura, which has allowed us to improve our adviser and client experience and support the advice process. We look forward to continuing to work in close partnership as our relationship with Bravura evolves.”

Andrew Russell, group CEO and MD, Bravura, said: “This milestone agreement allows Fidelity to continue to leverage best-in-class technologies, while allowing us to streamline and simplify our enterprise Sonata software platform for the betterment of our other existing and new enterprise wealth clients. Fidelity remains a key client of ours and one we are excited to work closely with in the future.”

Bravura Solutions’ Sonata is a digital wealth and pensions management platform used extensively in the UK financial services sector to manage a variety of financial products (including ISAs, SIPPS, bonds and more), ensure regulatory compliance, and drive operational efficiency through automation and advanced integration capabilities.

Under the new terms, Bravura will retain all intellectual property rights to the software made available to Fidelity. Customary non-compete and non-circumvention provisions apply to the licensing arrangement.

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PEOPLE MOVES: Quilter, Bentley Reid, Evelyn Partners, Fidelity International https://international-adviser.com/people-moves-quilter-bentley-reid-evelyn-partners-fidelity-international/ Fri, 08 Mar 2024 10:40:13 +0000 https://international-adviser.com/?p=304696 Quilter

Quilter has appointed Kirsty Anderson as a retirement and tax specialist. She has joined in a new role based in Scotland working with advisers in the north of the UK.

Anderson moves over from M&G Wealth, where she was a pensions specialist for nine years. Prior to that she was a business development manager at Royal London having previously worked for Standard Life.

Reporting to Roddy Munro, head of technical sales at Quilter, Anderson will be part of a seven-strong ‘on the road’ team supporting advisers with a focus on technical tax and pensions issues. The team conducts workshops, events and seminars, as well as one-to-one sessions with advisers to help enhance understanding of the ever-changing tax and retirement landscape.

The announcement follows the recent promotion of Michelle Brodie who was previously a wealth management consultant for Quilter and has now joined the technical team as a tax and trust specialist.

Bentley Reid

The employee-owned wealth manager has appointed Paul O’Neill as chief investment officer.

He will be based in the London office and takes over the role from Peter Clark, who has been appointed chief executive.

O’Neill was head of UK asset management and research at Butterfield Private Bank in London for five years and before that he was portfolio manager of the Talisman Value Fund at Talisman Global Asset Management, and a portfolio manager at Slater Investments.

Most recently he has worked as a strategic change project manager for Schroders, Hermes and Fidelity, including leading the Schroders Private Wealth ESG project and launching the new Public Private Assets fund for Fidelity.

Clark said: “We are thrilled that Paul has joined our growing team. He has a proven track record running multi-asset portfolios for private clients, and family offices, as well as launching new Alternative Asset funds and building teams.”

O’Neill said: “I am excited to join Bentley Reid at this key stage of the company’s development. The team has built an excellent reputation for providing high-quality wealth management services which is tightly focussed on individual client needs.”

Evelyn Partners

The firm has appointed Mickey Armstrong as a financial planner in its Knutsford office.

He joins Evelyn Partners from AES International in Dubai where he worked as a chartered financial planner and advised high net worth expats, helping structure their wealth for the future, repatriation plan and inheritance planning.

Prior to that Armstrong spent more than six years at Equilibrium Financial Planning in Wilmslow, Cheshire where he was a Chartered Financial Planner focusing on retirement and lifestyle planning.

He will be based at Evelyn Partners’ office at Booths Park in Knutsford.

Fidelity International

The company has appointed Niamh Brodie-Machura as co-CIO to work alongside Andrew McCaffery.

Brodie-Machura will run Fidelity’s equities division, while McCaffery will head up its fixed income, multi asset and private asset departments.

She joined Fidelity Investments in 2011 and was previously managing director of equity research and co-head of equity sustainable investing.

Prior to joining Fidelity, she held various roles as an equity analyst and sector portfolio manager at Pioneer Investments, Merrion Stockbrokers and Tilman Asset Management.

Keith Metters, president of Fidelity International, said: “We are pleased to welcome Niamh to Fidelity International. She brings a deep understanding of the asset management business and investment process through her seasoned experience working with global equity investment teams.

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PEOPLE MOVES: Personal Finance Society, Fidelity International, Titan AM, Sarasin & Partners https://international-adviser.com/people-moves-personal-finance-society-fidelity-international-titan-am-sarasin-partners/ Tue, 05 Mar 2024 15:17:27 +0000 https://international-adviser.com/?p=304692 The Personal Finance Society

The PFS board has appointed Ben Wright as a director of the organisation.

Wright is a chartered financial planner and fellow of the PFS, based in Sheffield. He will serve an initial four-year term, with his first board meeting set for 21 March.

The PFS board has also elected two of its existing directors, Carla Brown and Daniel Williams, as vice presidents of the professional membership body.

Both Brown and Williams will act as vice president this year, with one of them to be elected to serve as president in 2025, subject to confirmation at this year’s AGM. The other will serve as president in 2026, again subject to confirmation at the next AGM.

Brown will additionally take on the role of chair of the PFS power panel, on which she has served as an active member for several years.

Fidelity International

The firm has appointed Keith Metters to lead its overall business as president.

Metters, who joined the company in 2020 to head up its Workplace Investing business arm, will report to chair Abigail Johnson.

Metters has more than 25 years of experience in the industry, having previously worked in the US at Fidelity Investments. While there, he adopted a range of roles, most recently leading its Workplace Investing core market division, where he led the implementation of investment strategies and solutions for clients.

He replaces CEO Anne Richards, who announced that she would be stepping down from her role last year.

Titan Asset Management

Square Mile Consulting and Research chief executive Richard Romer-Lee has been appointed co-CEO of Titan Asset Management.

He will share the role alongside current Titan AM CEO Paul Hunt, while also retaining his role as head of Square Mile.

The acquisition of Square Mile by Titan was announced in June 2023 and received FCA approval last week. It includes the £2.5bn in assets under management held across Square Mile’s MPS solutions.

Square Mile will continue to operate under its own brand and management.

Sarasin & Partners

The firm has appointed Nomura AM’s UK head of equity Tom Wildgoose as senior portfolio manager with a global equity focus.

Wildgoose will begin his new role on 4 March after spending over 16 years at Nomura. He began in 2007 as a global equity analyst and portfolio manager, before becoming head of global research for the UK office in 2011, and head of equity investment for global equity in the UK office in 2014.

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Standard Life and Fidelity join forces on smoothed fund for advisers https://international-adviser.com/standard-life-and-fidelity-join-forces-on-smoothed-fund-for-advisers/ Tue, 27 Feb 2024 10:51:55 +0000 https://international-adviser.com/?p=304642 Standard Life and Fidelity International have teamed-up to launch the Standard Life Smoothed Return Pension fund.

The two firms have entered a ‘strategic partnership’ to create the new adviser targeted offering. The fund is designed to address what they see as the increasing need for product innovation in retirement solutions.

The fund will be available exclusively through the Fidelity Adviser Solutions platform. It is designed to help grow pension investments while providing some reassurance from the ‘daily uncertainty of investing.’

Standard Life will provide the fund structure, smoothing, valuation, supporting capital and will manage the strategic asset allocation. The underlying assets will be managed by Fidelity’s asset management business.

See also: Evelyn Partners adds to US equities and UK gilts in Core MPS rebalancing

There will be a ‘pilot’ to a small group of advisers in March, ahead of a full launch later this year. The ongoing charge will be 0.8%.

Claire Altman, managing director for individual retirement at Standard Life, said: “One of the biggest issues we currently face as an industry is ensuring good outcomes for people at retirement, which is at the very heart of the need for innovation. There is a lack of choice, especially for people looking for solutions to help manage daily stock market volatility when it comes to their retirement savings – a risk many planning for or already in retirement may feel unable to take.

“We are excited to be partnering with Fidelity International. By combining the pensions and long-term savings expertise of Standard Life, with the asset management, distribution and platform expertise of Fidelity, we hope to play a significant role in overcoming the challenges that currently exist within the retirement income space, by broadening access to these types of solutions, in a way that supports advisers’ processes and ways of working.”

See also: Blackburn man pleads guilty in £19m investment fraud case

Dennis Pellerito, head of UK wholesale at Fidelity International, added: “With the UK’s population living longer than ever before, there is a clear demand for a range of financial solutions which cater to the different needs of an ageing society.

“As people spend longer in retirement, they require products and services which offer flexibility and can be tailored to their goals at any stage. The financial services industry – and in particular the advice sector – has a significant role to play in supporting these goals.”

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