BY ELLEN SHENG
HONG KONG-Fidelity International, the international affiliate of U.S. mutual-fund company Fidelity Management&Research LLC, has made staffing changes in Asia as part of efforts to strengthen its presence in the region.
The firm said Thursday it hired Long Zhan from ING Investment Management for a newly created role, head of China business. Mr. Zhan, who starts in his new role July 1 in Hong Kong, was previously the country manager for China at ING.
Fidelity International, which has US$261 billion in assets under management, also hired Stuart Guinness for another newly created post in Hong Kong, head of product design and development. Mr. Guinness joins from Prudential Asset Management, the fund arm of U.K. insurer Prudential PLC, in Singapore.
The firm also said it plans to strengthen its institutional business in Asia and is looking for a senior manager to fill that new position.
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