Fidelity Worldwide Investment announces new appointment to bolster retail business in Asia

Bruno Lee is appointed as Regional Head of Retail, Asia ex Japan

Hong Kong 20, December 2011 – Fidelity Worldwide Investment announced today a senior appointment as part of its efforts to bolster the retail business and identify further new opportunities in the growing asset management market across Asia.

Mr. Bruno Lee comes with over twenty years of experience in the Asia asset management industry.  He is not new to Fidelity Worldwide Investment; from 1991 he spent twelve years with the company, working in the areas of marketing, retail sales and operations, wholesale as well as supporting the launch of the Hong Kong MPF business. He also spent time in Fidelity Worldwide Investment’s Taiwan office where he was responsible for the wholesale business and helped set up the direct business.  He left in 2004 and became CEO for Invesco Taiwan, and most recently was Regional Head of Wealth Management, Asia Pacific at HSBC. He will commence in the beginning of January 2012 and will report to Mr. Mark Talbot, Managing Director Asia ex Japan.

“Bruno brings with him a wealth of industry experience. His knowledge and experience in the Asia retail markets qualifies him to manage the retail businesses we have in Hong Kong and Taiwan, and ensure they are set up for further growth and success.  While we continue to build on our successful wholesale businesses across Asia, it is our strategic objective to have a unique retail direct business that caters to the self-directed investors, and will help us understand the end investors needs first hand,” said Mr. Mark Talbot.

“Asia presents some enormous long term growth potential, and as Regional Head of Retail, Asia ex Japan, Bruno will also be tasked to explore further retail opportunities across Asia. Our privately owned status allows us to take steps in anticipation of future growth, despite the recent challenging market conditions.  We continue to be deeply committed to the long term prospects in Asia.”

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About Fidelity Worldwide Investment

Fidelity Worldwide Investment is a global leader in asset management, providing 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 5,000 staff in 24 countries and manages or administers client assets of US$207.9bn. It has over 7 million customer holdings and manages more than 740 equity, fixed income, property and asset allocation funds. The company’s fund managers receive research from one of the largest proprietary research teams, based in 12 countries around the world. Fidelity Worldwide Investment is an independent asset management company which is privately owned.

*Data as at 30 Sept 2011


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