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.”