Press release

Fidelity Hong Kong Strengthens Institutional Commitment

Kerry Ching, Managing Director, Hong Kong, Fidelity Investment Managers, today announced the organization has further strengthened its institutional team in Hong Kong under recently appointed Head of Institutional Business, KP Luk.

HONG KONG, 7 OCTOBER 2010: Kerry Ching, Managing Director, Hong Kong, Fidelity Investment Managers, today announced the organization has further strengthened its institutional team in Hong Kong under recently appointed Head of Institutional Business, KP Luk.

 

As part of Fidelity’s commitment to building its Hong Kong institutional team, Deborah Seto has been appointed as Head of Institutional Relationship Management (IRM).  She joined the team on 30 September 2010.

 

Ms Ching said building the institutional business is an important part of Fidelity’s Hong Kong strategy. “Under KP’s leadership, we aim to further strengthen our institutional business in Hong Kong. In filling the Head of Institutional Relationship Management role, we now have the team in place that will drive this business forward,” she said.

 

Fidelity is one of the largest investment managers for Hong Kong pensions.  "Leveraging our strengths and global experience, we will continue to expand our reach in the Hong Kong pension market.  With the continuous growth of MPF, we strongly believe that Fidelity's proven investment capabilities and our focus on client services will help us gain further foothold in the defined contribution market.  In addition to the pension market, we will also work closely with institutional clients on segregated mandate opportunities.  The recent additions of KP and Deborah complement the solid institutional team and place Fidelity favourably in servicing the most sophisticated institutional clients in Hong Kong.  We are confident that KP and his team will help the organization deliver on this strategy,” Ms Ching said.

As Head of IRM, Deborah Seto is responsible for managing all institutional relationships for Fidelity Hong Kong.  She is responsible for leading a team of relationship managers in servicing the full spectrum of institutional clients including defined benefit and defined contribution retirement schemes, endowment funds and other institutional accounts.

 

Ms Seto began her career at Fidelity in 1996, initially as Customer Service Representative and subsequently as Institutional Account Manager, before joining Invesco’s Institutional Client Relations Team in 1999.  In 2004, she became Head of Institutional Client Relations at Invesco.  She graduated from the University of Ottawa with concentration in Finance and Marketing, and is a Chartered Financial Analyst and a Certified Financial Planner.

 

ABOUT FIDELITY INVESTMENT MANAGERS

Fidelity Investment Managers is an affiliate but separate company to Fidelity Investments and provides investment products and services to individuals and institutional investors outside of the Americas.  Fidelity has been in Asia for 41 years with offices in Japan, Korea, Australia, Hong Kong, Taiwan, Singapore and China. Fidelity manages US$200 billion Assets Under Management (as at 30 June 2010), has over 6 million customer holdings and manages over 765 funds. Fidelity has one of the largest proprietary research teams in the world, providing insights into around 98% of the world's stock markets (as measured by the Morgan Stanley Capital International World Index, 4 June 2010). In Hong Kong, Fidelity is the largest provider of the ORSO (Occupational Retirement Schemes Ordinance) Member Choice Defined Contribution Scheme  and is also one of the top ten MPF (Mandatory Provident Fund) scheme providers in Hong Kong .

 

Media Contacts:

Rowena Kwok
Fidelity International
Tel: 852 2629 2800
Email: rowena.kwok@fil.com


Jaime Leung
Fidelity International
Tel: 852 2629 2800
Email: jaime.leung@fil.com