Christopher Sullivan was named president of Fidelity Investments bond group, according to a Fidelity news release.
He replaces Dwight Churchill, who retired in January as senior vice president and leader of Fidelitys New Hampshire-based bond group, which oversees about $170 billion in investment-grade fixed income, including both taxable and municipal bonds.
He wont oversee areas such as high-yield bonds and bank loans, which are managed out of Boston, said spokesman Alexi Maravel.
Mr. Sullivan was a managing director and co-head of U.S. fixed income at Goldman Sachs Asset Management, where he helped oversee $150 billion in U.S. assets under management, according to the Fidelity release.
Michael Swell, a managing director and senior portfolio manager in GSAMs fixed-income group, will replace Mr. Sullivan as co-head of U.S. fixed income, a GSAM spokeswoman said. James Clark remains the other co-head of U.S. fixed income, she said.