Salman Ahmed was named global head of macro and strategic asset allocation at Fidelity International.
The position is new, and Mr. Ahmed starts in August.
Reporting to Henk-Jan Rikkerink, head of solutions and multiasset, Mr. Ahmed will develop and lead a newly created global macro and strategic asset allocation group at Fidelity, a spokeswoman confirmed. Anna Stupnytska, global macro economist, and Wen-Wen Lindroth, lead cross-asset strategist, will move to the group from their existing teams. As their roles will be in line with what they were already doing, they will not be replaced in their previous teams.
"The (global macro group) team will provide key capital market research across public and private markets that directly inputs into our investment teams and will enhance our strategic asset allocation approach," Andrew McCaffery, global CIO, asset management, said in the release.
Fidelity International has $479.9 billion in assets under management.
Mr. Ahmed was chief investment strategist and co-chair of Lombard Odier Investment Managers' global investment committee. The macro team within Lombard Odier Group comprises 11 personnel. The team continues to provide insight and analysis to the investment team, a spokeswoman said.