Ilga Haubelt was appointed head of equities, Europe at Fidelity International, effective in November.
The position is new and follows a review of the leadership structure of FIL's equities business, a spokesman said. The change reflects an "evolving industry landscape and changing client needs" and also follows a move by Romain Boscher, previously global CIO, equities, to a non-executive role earlier this year, the spokesman said.
As such, Ms. Haubelt will work on FIL's global strategy for equities alongside Marty Dropkin, who was recently appointed head of equities, Asia-Pacific. Ms. Haubelt and Mr. Dropkin report to Andrew McCaffery, global CIO.
Ms. Haubelt is based in London. She will identify opportunities to launch new strategies and ensure sustainability principles continue to be integrated into the equity investment process.
FIL has a total $665.2 billion in assets under management. The European equities AUM was not available.
Ms. Haubelt was head of equity income and senior portfolio manager at Newton Investment Management. A spokeswoman for Newton said James Lydotes, deputy CIO of equities, will take over as head of the firm's equity income team and, "subject to due process," will also become head of the portfolio management team of the BNY Mellon Global Equity Income Fund and Newton's Global Equity Income strategy. Mr. Lydotes will work closely with portfolio managers Jon Bell and Robert Hay.
"This follows current head of the equity income team and portfolio manager Ilga Haubelt's decision to pursue a non-portfolio-management opportunity at another investment firm," the spokeswoman added in an email.