Fidelity Taps Wilens for Head of Asset Management

Fidelity Investments turned to Thomson Reuters executive Michael E. Wilens to fill the new position of head of asset management.

Fidelity President Rodger A. Lawson said in a news release that Wilens will oversee Fidelity Management & Research Company (FMRCo), Pyramis Global Advisors, and Strategic Advisers. Among his responsibilities, Wilens will provide management oversight to the asset management groups, work with fund trustees and direct the firm’s investment technology and operations areas, Fidelity said.

Wilens will join Fidelity in mid-July and be a member of the firm’s Executive Committee.

“For some time now, we have been looking for an exceptional executive to provide cohesive oversight of Fidelity’s three major investment divisions,” said Lawson, to whom Wilens will report. “As the range of investment products and services offered by these groups grows more diverse, we need a highly experienced business leader who can offer in-depth management expertise and guidance to the executives directly in charge of our investment experts.”

Fidelity has $3.3 trillion in assets under custody, including $1.5 trillion in managed assets.

The firm recently brought aboard CEO Robert Reynolds (see Fidelity Alum Reynolds to Lead Putnam Investments and New Putnam CEO Has “Winning’ On His Mind), and hired two new portfolio managers (see Putnam Takes on Portfolio Managers from American Century).