Fidelity International appoints new President for China
Fidelity International has announced the appointment of Daisy Ho as President for China, a newly created role intended to support Fidelity International’s transition from a private fund manger to an asset management company in the country.
Ho will provide overall leadership and management to Fidelity International (Fidelity)’s presence in China, providing input into the business, investment, operations and other key functions.
Upon taking up her role in 2020, Ho will become the first General Manager for Fidelity’s Asset Management Company in China upon approval from the China Securities Regulatory Commission; she will be based in Shanghai in her new position.
Ho first joined Fidelity in 2005 as the Head of Relationship Management for the institutional business in Hong Kong. Ho subsequently became the Head of Institutional Business, Asia ex-Japan, leading the Institutional Sales teams in China, Hong Kong, Taiwan, Korea and South East Asia on business development and client planning.
Rajeev Mittal, Managing Director, Asia Pacific ex-Japan for Fidelity, said of the appointment that “(Ho) has in-depth knowledge of the China market, as well as considerable corporate knowledge and extensive global leadership experience, acquired over her 14-year tenure with Fidelity. She is ideally suited to this role of strategic importance to Fidelity. China is a critical, long-term market for Fidelity.”
Ho commented further, saying that “I am thrilled and honoured to take on this role in China, having worked with key clients, regulators and officials on the ground over the course of many years. The pace of market change in China is truly remarkable and I believe that, working closely with our partners, there is more we can achieve together.”
Fidelity has been active as an investor in Mainland Chinese companies for over 20 years, offering domestic and global investors best-in-class investment solutions, enriched by global research capabilities and deep and proven China investment expertise.
In January 2017, Fidelity was the first global asset manager to register with the Asset Management Association of China as a private fund management; it now employs over one thousand colleagues in the country, according to a press release.