Fidelity  

Fidelity retail head Waterhouse to move to Asia role

Fidelity retail head Waterhouse to move to Asia role

Fidelity head of UK retail sales Ben Waterhouse is to move to South East Asia to lead the firm's sales efforts in the region, with retail sales director Russell Lancaster and head of UK wholesale John Clougherty taking on his responsibilities.

Mr Waterhouse joined Fidelity in 2010 from Legal & General Investment Management and will now become head of wholesale business for South East Asia and the Middle East as well as country head for Singapore.

He was head of sales at LGIM before moving to Fidelity to lead UK retail sales, reporting into Mr Clougherty, who in the interim will absorb some of Mr Waterhouse's responsibilities. Mr Lancaster will now lead the adviser sales efforts.

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A Fidelity spokesperson said: "We can confirm that Ben Waterhouse is moving to take on a new role within Fidelity. He will be heading up our wholesale business in South East Asia and the Middle East, he will also be country head for Singapore."