Fidelity Investments Appoints Nancy Prior President of Fixed Income Division
Proquest LLC |
Fidelity Investments announced the appointment of
In this role, the Firm noted that Prior will oversee Fidelity's global Fixed Income division, which includes the company's Bond and Money Market divisions.
In a release, Fidelity Investments said Prior will report to
Headquartered in
Prior most recently served as president of Money Markets and Short Duration Bonds. She succeeds Morrison, who was appointed president of Asset Management in February.
"A 12-year Fidelity veteran, Nancy has proven herself to be an exceptional leader," said Morrison. "As a member of the Fixed Income senior leadership team for the past three years, Nancy has skillfully managed our Money Market business through one of the most challenging market environments in recent memory, all the while balancing the demands and needs of our clients. She will work closely with the incredibly talented teams already in place across our bond and money market groups to continue our focus on delivering strong, risk-adjusted performance for our clients and shareholders."
Morningstar recently noted that "Fidelity's fixed income group is among the best in the industry, taking a risk-conscious, team- oriented approach that's produced strong long-term results."
Prior has been president of Money Markets since 2011. She expanded her responsibilities in 2013 to oversee the Limited Term Bond team, which manages portfolios that invest in diversified fixed income assets ranging from ultra-short to intermediate maturities.
Before heading Money Markets, Prior was managing director of
"Fixed income markets are growing and changing rapidly, driven by shifting demographics, regulatory changes and an increased interest in outcome-oriented solutions," said Prior. "I'm very excited to lead Fidelity's exceptional Fixed Income team during a time when investors are actively seeking a trusted, stable provider that can bring innovative solutions that reflect sound judgment and appropriate risk levels for today's dynamic investing environment."
Fidelity Investments is a provider of financial services, with assets under administration of
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