Fidelity global equities chief investment officer (CIO) Dominic Rossi is to step back from the position as he moves into a "more flexible role" at the asset manager.
Mr Rossi will work as a part-time special adviser on public policy initiatives within the firm from January 2018. As part of this he will engage with the likes of policy makers and regulators on Fidelity's behalf.
Mr Rossi has led Fidelity's equities arm for seven year and overseen an expansion of the team. This included developing the firm's equity income products.
The firm will now use the seven-month transition period to find Mr Rossi's successor, it confirmed. His own move towards policy comes after Fidelity's former policy-lead Philip Warland left the firm in January.
Mr Rossi said: "After 30 years as an investor, including a decade as CIO, I have made a personal decision to make a change from a lifestyle perspective. It is also time to take on a new challenge in the business.
"I am passionate about public policy and ensuring that policy making and regulation makes sense for our clients and does not have unintended consequences."
