Fidelity's Denny promoted to head of ITs as McCabe retires

McCabe to retire end of 2017

Fidelity International's Alex Denny has been appointed head of investment trusts as Nicky McCabe, who has held the role for almost four years, is set to retire at the end of the year.

Previously director of investment trusts, Denny's new role will see him lead in developing and delivering the business strategy for Fidelity's investment trust business and heading the team responsible for its day-to-day management. Denny will work closely with the company boards and portfolio managers across the investment trust range. The appointment comes as Nicky McCabe retires from the role as head of investment trusts, which she has held since April 2014. She will remain at the firm until the end of year to help support the transition of her role. McCabe will pursue a non-...