Boyce I. Greer was named head of institutional investments for Fidelity Asset Management and vice chairman of Pyramis Global Advisors, the institutional investment arm of Fidelity Investments, according to a letter to Pyramis clients from Pyramis Chairman and President Kevin Uebelein obtained by Pensions & Investments.
At BlackRock, Edwin Conway, a former Blackstone Group executive, will head up the firm's $1.1 trillion U.S. & Canada institutional business within the global client group, according to InvestmentNews, a sister publication of Pensions & Investments.
Also, Christopher Li was named president of Lockheed Martin Investment Management, which manages about $46 billion in retirement plan assets of Lockheed Martin Corp. He replaced Jeff Sharpe, who resigned last month to pursue other opportunities. Mr. Li will retain the title of chief investment officer, which he has held since June 2007.
Mr. Greer will head an investment team at Fidelity “comprising Pyramis Chief Investment Officer Young Chin (and Fidelity's) bond group President Chris Sullivan and money market group President Bob Brown,” the March 30 letter said.
The letter said the move was part of efforts by Mr. Uebelein and Ronald O'Hanley, Fidelity Investments' president of asset management, “to further integrate our institutional asset management capabilities across Pyramis and Fidelity, as well as enhance our ability to deliver investment solutions to the institutional marketplace.”
Mr. Greer will retain his current titles and responsibilities as president of both Strategic Advisers and Fidelity's global asset allocation group.
At BlackRock, Mr. Conway will report to Robert Fairbairn, senior managing director and head of BlackRock's global client group.
Mr. Conway replaces Robert Capaldi, who was named in November as senior client strategist for Laurence Fink, BlackRock chairman and CEO.
Mr. Conway was senior managing director in investor relations and business development at Blackstone. A Blackstone spokesman said officials are discussing how to replace Mr. Conway.