Fidelity names McCarron's successor

Sudipto Banerji is to replace Tim McCarron as manager of the Fidelity's European Values trust. Ban...

Sudipto Banerji is to replace Tim McCarron as manager of the Fidelity’s European Values trust. Banerji, who has been with the group for seven years, will co-manage the portfolio with McCarron to ensure a smooth transition before assuming full responsibility at the end of June. McCarron, who has managed European Value since November 2001 after taking over from Anthony Bolton, will continue to run the £4.8bn European fund.