Asset manager Fidelity International has confirmed that Anne Richards, with over 30 years of experience in asset management, has stepped down as CEO after five years. She will transition to the role of vice chair at the company.

Richards, who previously led M&G Investments and served as the Chief Investment Officer at Aberdeen Asset Management, took over as CEO of Fidelity in 2018. The board is now tasked with finding a suitable replacement, and Richards will continue as CEO until the transition is complete.

Source: Reuters