Ellis to replace McKenzie as Fidelity's fixed income CIO

Ellis, who will step up to the role from 1 January 2019, will relinquish his current role as a portfolio manager in the firm's $6bn AUM emerging markets debt team, where he works across a range of strategies including local currency, sovereign, corporate and unconstrained approaches. Bond managers take action to tackle risks from scandal-hit LIBOR phase-out He joined the firm in 2012 from his role as a portfolio manager at Goldman Sachs Asset Management and has 25 years of investment experience. He will report to global head of asset management Bart Grenier. Commenting on the appoi...