Fidelity International’s chief investment officer for fixed income is to retire at the end of the year, the asset manager has announced.
Charles McKenzie is to retire after 27 years in the investment industry, which includes the past four years at Fidelity.
He initially joined the firm in 2014 as head of European portfolio management, before moving into the CIO role in January 2016.
Fidelity International said the search for a successor has already begun and it will make an appointment in time to ensure a smooth transition before the end of the year.
McKenzie has been a noted market commentator in recent years and was featured in Citywire Selector’s ‘Bonds & Beyond’ publication, as well as outlining his views on what role sovereign debt can play in modern portfolios.
Commenting on the change, Bart Grenier, global head of AM at Fidelity International, said: ‘I would like to thank Charles for his excellent leadership and contribution to the success of the fixed income business at Fidelity International.
‘This is a very important asset class for us and has been progressively expanding in terms of its range of capabilities, staff numbers and assets managed for many years. Charles will continue to lead the team as we search for his successor and we are confident of a smooth transition at the end of the year.’