Joseph DeSantis was named a chief investment officer at Fidelity Management & Research and will oversee a portion of the firm’s domestic equities operations, confirmed Fidelity spokeswoman Sophie Launay.
The position is new.
Mr. DeSantis will report to Bruce T. Herring, group chief investment officer for FMR Co., who has been overseeing both a range of domestic funds, including growth, core, capital appreciation and midcap offerings, as well as international developed markets and emerging markets funds, Ms. Launay said. Mr. DeSantis will assume some of Mr. Herring’s domestic equity responsibilities, she said.
Mr. DeSantis, who joined FMR last month, was CIO of fundamental equities at Evergreen Investments; he left the firm in April 2009. Ms. Launay couldn’t immediately say what he has been doing in the interim, and Mr. DeSantis couldn’t immediately be reached for further comment.