MONEY MANAGEMENT

Fidelity International hires head of equity

Sonja Laud was named head of equity at Fidelity International, said a spokeswoman for the firm.

The position is new, and Ms. Laud joins in June.

She will oversee the £234 billion ($303 billion) money manager's equity income team. The team runs £12 billion in assets under management.

Ms. Laud will report to Paras Anand, chief investment officer equities, Europe, at Fidelity International.

She was investment director, global multiasset group at Barings. A spokesman said a replacement for Ms. Laud is not expected to be made, as the group “is a deeply resourced team with significant breadth and depth of experience.”