Sunday, 22nd November 2009

 
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22 May 2009 - Press Briefing

Fidelity appoints chief operating officer for asset management arm

Fidelity Investments has appointed Jacques Perold, who has led an institutional investment firm spun off from the mutual-fund behemoth, as chief operating officer of asset management, a newly created role, according to a report in The Wall Street Journal.

Perold will also join Fidelity's executive committee, and will report to Michael Wilens, chief of asset management.

Tags: Fidelity Investments

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Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

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