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Thursday, February 20, 2014

Fido Anoints O'Hanley's Successor

Reported by Tommy Fernandez

The Boston Behemoth has named a successor for Ron O'Hanley.

Fidelity announced in January that O'Hanley was leaving his position as president of asset management at the end of February.

At the time, the company had said that it would seek a successor from inside the company.

That person turned out to be Charles Morrison, most recently served as president of FIdo's $750 billion-plus Fixed Income division.

In a statement, Fidelity Financial Services president Abby Johnson declared that “We’re fortunate to have a leadership team with broad and deep investment management expertise. Charlie’s diverse experience during his 27 years at Fidelity positions him well to advance our asset management business by continuing to deliver strong, consistent performance across all asset classes, sharpening our global investment focus, and offering innovative products that help deliver better outcomes for our clients.”

According to the company, Morrison joined Fidelity as a corporate bond analyst in 1987, and, over the next several years, assumed roles with increasing responsibility including managing portfolios for Fidelity Management Trust Company.

From 1995 to 1997, Morrison managed the Fidelity Short-Term Bond Fund, the Spartan Short-Term Bond Fund and the Fidelity Advisor Short Fixed Income Fund. He then fixed income management roles including Fidelity Asset Manager, Fidelity Advisor Asset Allocation and Fidelity Global Asset Allocation portfolios,as well as serving as head of Fidelity’s Bond and Money Market divisions.

He was named president of the Fixed Income division in 2011. 

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