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Money Management

Fidelity International names CEO

Anne Richards is moving from M&G Investments

Anne Richards was named CEO at Fidelity International and will join the firm in December.

Ms. Richards will report to Abigail P. Johnson, chairwoman of the firm, a news release said. Ms. Richards "will assume responsibility for Fidelity International at an important time in its near-50 year history," Ms. Johnson said in the release. "Our ambitions to broaden and deepen our relationship with our clients; innovate in product development and solutions design; and to continue to develop our investment platform and workplace investing businesses have never been greater."

Ms. Richards replaces Brian Conroy, who led the firm as president and left the business earlier this year, said a spokeswoman. She will be based in London but oversee the firm's global presence.

Fidelity International has £235.1 billion ($308.9 billion) in assets under management.

Ms. Richards is CEO of M&G Investments and will leave the firm Aug. 10, a regulatory filing by the firm said. M&G Investments merged with Prudential's U.K. and Europe life business last year, creating M&G Prudential. The filing said John Foley, CEO of M&G Prudential, will take on the additional leadership responsibilities of the regulated entities of M&G and Prudential U.K.

Clare Bousfield, CEO of Prudential U.K., was named chief financial officer of M&G Prudential.

M&G Prudential has £351 billion in assets under management.