Fidelity International has appointed executives from AMP Capital and Schroder Investment Management to its institutional team.
In a statement, Fidelity International announced AMP Capital head of institutional business John Meagher and Schroder Investment Management Australia head of legal Katie Constance will join Fidelity’s Sydney office.
Mr Meagher brings two and a half decades’ experience in financial services to his new role as head of institutional, having also worked at Macquarie and Invesco based in London.
The new position marks a return to Fidelity for Mr Meagher, having worked as an institutional business development manager for the firm from 2005 to 2007 before spending nearly 10 years at AMP Capital between 2007 and 2017 as head of institutional business.
Ms Constance will step into the role of associate director for client relationship management on 9 July.
She has been a legal counsel at Schroders for almost five years. Prior to Schroders, she was a vice president at Citi based in Dubai, and before that worked in law firms across Dubai and London.
Commenting on the appointments, Fidelity International managing director Alva Devoy noted the growing sophistication of the institutional market following the maturation of Australia’s super system and a rising number of retirees.
“As asset managers, we need [to] adapt to the evolving needs of our clients and we are actively building our team to enable us to do that,” she said.
“By engaging with our institutional clients in a broader and deeper way, we can develop the solutions they need to support their clients at all stages of their lives.”