Fidelity names head of asset management

Michael E. Wilens, a senior executive at Thomason Reuters, is joining the firm in the newly created position of head of asset management.

Fidelity Investments of Boston announced today that Michael E. Wilens, a senior executive at Thomason Reuters, is joining the firm in the newly created position of head of asset management.
Mr. Wilens will join Fidelity in mid-July and be a member of the firm’s executive committee.
He will oversee three Boston-based divisions, including Fidelity Management & Research Co., the adviser to the firm’s mutual funds; Pyramis Global Advisors, an investment management firm focused on institutional investors, and Strategic Advisers, the registered investment adviser providing management services.
Mr. Wilens will provide oversight to the asset management groups, work with fund trustees and direct the firm’s investment technology and operations areas.
Most recently, he was a member of the executive committee at Thomson Reuters, the market research and information firm based in New York.
“As the range of investments products and services offered by these groups grows more diverse, we need a highly experienced business leader who can offer in-depth management expertise and guidance to the executives directly in charge of our investment experts,” Fidelity president Rodger A. Lawson said in a statement.
Fidelity Investments had custodied assets of more than $3.3 trillion, including managed assets of more than $1.5 trillion, as of April 30.