Hong Kong, 20 June 2011 – Fidelity International today announced the appointment of Larry (Qing) Chen as Head of China, responsible for identifying and pursuing new business opportunities in this important and growing market. Mr Chen will commence in July 2011, reporting to Mr Mark Talbot, Managing Director, Asia ex-Japan.
Mr. Chen has almost two decade’s experience in the financial industry in which 17 years were spent at the Bank of New York Mellon, most recently as China Country Executive and General Manager for the bank’s Beijing branch office. In his current role, Mr. Chen provided strategic leadership and led over 100 staff in business development, client management and operations to drive revenue growth across all businesses lines. He also developed good relationships for the Bank with sovereign wealth funds, financial institutions, corporations and government agencies in China. Prior to this role, Mr. Chen also worked in the bank’s New York and Hong Kong offices as Relationship Manager and Vice President for American Depositary Receipts (ADRs), respectively.
“China is one of the region’s most rapidly growing markets and an important source of growth for leading asset management businesses. The addition of an individual of Larry’s talent and proven track record of developing new businesses and building relationships in China, complements the experience and network we have already established, and will allow us to pursue our ambitious longer term plans to capture a meaningful share of the opportunities that China has to offer.” said Mr. Arne Lindman, CEO Asia Pacific for Fidelity International.
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About Fidelity International
Fidelity International provides investment products and services to individuals and institutions in the UK, continental Europe, the Middle East and Asia Pacific. Established in 1969, the company has over 5,400 staff in 23 countries and manages or administers client assets US$309.7 billion as at 31 March 2011. Fidelity has over 7 million customer holdings and manages more than 750 equity, fixed income, property and asset allocation funds. Fidelity’s fund managers receive research from one of the largest proprietary research teams, covering 99% of the world’s largest listed companies. Fidelity International is an independent company which is privately owned.
Tel: 852 2629 2800
Tel: 852 2629 2800