Jones will succeed Kevin Uebelein, who is taking on a new role as global head of Solutions Delivery for Pyramis. In this newly created position, Uebelein—who has been Pyramis’ president and CEO since 2008—will lead the build-out of a new business. He will draw on key capabilities from across Fidelity to meet the rising demand for complex, multi-strategy solutions among institutional investors, including working closely with plan sponsors and consultants in the area of defined benefit de-risking.
Jones will join Pyramis in mid-March and will report to Ronald P. O’Hanley, president of Fidelity Asset Management. He will also serve as chairman of Pyramis.
Jones has more than 30 years of experience in the institutional investment management business. He joins Pyramis from Columbia Management, a subsidiary of Ameriprise Financial, where he served as president of U.S. Asset Management, overseeing more than $326 billion in assets. In this role, Jones led Columbia’s overall relationship management and distribution strategy, which included the institutional and intermediary teams.
Prior to being appointed president of U.S. Asset Management for Columbia Management, Jones was Columbia’s head of distribution, where he was responsible for global institutional and intermediary distribution. Before joining Columbia, Jones held a variety of global management positions at Robeco Investment Management, Boston Partners Asset Management and The Boston Company Asset Management.