Derek Young has joined Fidelity Investments’ asset allocation division as president, Pensions & Investments reports. Young will also continue in his current position as CIO of Fidelity’s global asset allocation group until the firm hires a successor.
He has replaced Boyce Greer, who has been appointed as head of institutional investments at Fidelity Asset Management and as vice chairman of Pyramis Global Advisors. Both the positions are newly created.
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