Fidelity names regional managing director
Hale to the chief: Korea manager Evan Hale appointed John FordÆs successor in Hong Kong.
Fidelity International, the business of Fidelity Investments outside North America, has appointed Evan Hale as managing director for Hong Kong, South Korea, Singapore and mainland China business operations as of December 1.
Hale will transfer to Hong Kong at that time with the mandate of developing and implementing FidelityÆs strategy in those markets. He will report to Brett Goodin, president Asia Pacific, who is based in Tokyo.
He replaces John Ford, who ran the Asia ex-Japan business briefly before moving to Tokyo to take on the role of Japan CIO.
Hale, a native of Canada, has served as managing director of the firmÆs South Korea office since 2002. Under his tenure, the business evolved from a rep office sourcing $60 million in assets into a leading, fully licensed local fund management company. The Korea businessÆ AUM now stands at $7.5 billion, including a dominant position managing international equity funds û a position Hale attributes to educational efforts with bank distribution partners.
Prior to his service in Korea, he worked for the firm in India, as well as in Europe and North America.
Regional COO David Holland has been overseeing the regionÆs day-to-day management, and will help Hale transition to his expanded role. ôHaving David around is a great transition opportunity for me,ö Hale says.
Hale says Fidelity continues to recruit for his replacement in Korea, with both internal and external candidates under consideration. But he will continue to play an active role in the office until a replacement is found. Hale will also be responsible for Hong Kong office activities, with its operating committee reporting to him. The job description is similar to FordÆs, but it now includes Korea, which the firm added because of HaleÆs four years of market experience.
Three country heads will also report to Hale: Anne Lam in Shanghai, Madeline Ho in Singapore and the eventual Korea replacement. India reports to London. The firm has decided to retain TaiwanÆs autonomy under Tung Tai-chin, who reports directly to Goodin. ôTai-chinÆs doing a great job and the Taiwan office has had a good year,ö Hale notes.
Fidelity International manages $279.6 billion in Europe, Asia and Australia, but the firm declines to break out total AUM from Asia ex-Japan.
Hale will transfer to Hong Kong at that time with the mandate of developing and implementing FidelityÆs strategy in those markets. He will report to Brett Goodin, president Asia Pacific, who is based in Tokyo.
He replaces John Ford, who ran the Asia ex-Japan business briefly before moving to Tokyo to take on the role of Japan CIO.
Hale, a native of Canada, has served as managing director of the firmÆs South Korea office since 2002. Under his tenure, the business evolved from a rep office sourcing $60 million in assets into a leading, fully licensed local fund management company. The Korea businessÆ AUM now stands at $7.5 billion, including a dominant position managing international equity funds û a position Hale attributes to educational efforts with bank distribution partners.
Prior to his service in Korea, he worked for the firm in India, as well as in Europe and North America.
Regional COO David Holland has been overseeing the regionÆs day-to-day management, and will help Hale transition to his expanded role. ôHaving David around is a great transition opportunity for me,ö Hale says.
Hale says Fidelity continues to recruit for his replacement in Korea, with both internal and external candidates under consideration. But he will continue to play an active role in the office until a replacement is found. Hale will also be responsible for Hong Kong office activities, with its operating committee reporting to him. The job description is similar to FordÆs, but it now includes Korea, which the firm added because of HaleÆs four years of market experience.
Three country heads will also report to Hale: Anne Lam in Shanghai, Madeline Ho in Singapore and the eventual Korea replacement. India reports to London. The firm has decided to retain TaiwanÆs autonomy under Tung Tai-chin, who reports directly to Goodin. ôTai-chinÆs doing a great job and the Taiwan office has had a good year,ö Hale notes.
Fidelity International manages $279.6 billion in Europe, Asia and Australia, but the firm declines to break out total AUM from Asia ex-Japan.
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