Ellis to replace McKenzie as Fidelity's fixed income CIO

Stepping down from portfolio management

Fidelity International has named Steve Ellis as its new global CIO for fixed income, replacing Charles McKenzie who retires from the role at the end of 2018.

Ellis, who will step up to the role from 1 January 2019, will relinquish his current role as a portfolio manager in the firm's $6bn AUM emerging markets debt team, where he works across a range of strategies including local currency, sovereign, corporate and unconstrained approaches. Bond managers take action to tackle risks from scandal-hit LIBOR phase-out He joined the firm in 2012 from his role as a portfolio manager at Goldman Sachs Asset Management and has 25 years of investment experience. He will report to global head of asset management Bart Grenier. Commenting on the appoi...