Fidelity multi asset CIO Bateman exits to pursue own venture

Departs after more than seven years with the firm

CIO of Fidelity's multi asset division James Bateman is set to leave the firm to launch his own business.

Bateman (pictured) will go on gardening leave after a short handover period before departing in October. In the interim, COO for multi asset Riju Sathyan will run the division alongside global head of multi asset Bart Grenier. Incoming global CIO of alternatives and solutions Andrew McCaffery, who joins from Aberdeen Standard Investments in August, will then determine next steps regarding the role. Bateman joined Fidelity in 2012 as head of manager selection, before moving onto head of portfolio management and ultimately his most recent role with the multi asset business. Prior ...