Charlie Morrison was named president of the fixed-income division for Fidelity Investments' asset management business and vice chairman of the firm's institutional money management arm, Pyramis Global Advisors.
The appointment was one of several Fidelity announced in a memo following the Aug. 14 death of Boyce Greer, head of institutional investments for Fidelity Asset Management and vice chairman of Pyramis. Mr. Boyce died in a kayaking accident in Idaho.
Mr. Morrison, who had been president of Fidelity's money market group and head of the firm's bond group at different points over the past decade, served most recently as “an executive, overseeing several strategic projects,” including helping Fidelity navigate the evolving regulatory environment, said spokesman Stephen Austin. Asked whether anyone would replace Mr. Morrison in that role, Mr. Austin said he has nothing to announce at this time.
Mr. Morrison will report directly to Ronald O'Hanley, Fidelity's president of asset management and corporate services. Chris Sullivan, president of bonds, and Bob Brown, president of money markets, will both report to Mr. Morrison.
In other changes, Derek Young, who was appointed president of the asset allocation division at the start of August, was also named a vice chairman of Pyramis, reporting directly to Mr. O'Hanley. Likewise, Young Chin, chief investment officer at Pyramis, will report to Mr. O'Hanley as well.