Fidelity’s head of asset management arm to retire: FT

A Fidelity Investments store logo is pictured on a building in Boca Raton, Florida March 19, 2016. REUTERS/Carlo Allegri

(Reuters) – The head of Fidelity Investment’s $2.8 trillion asset management division, Steve Neff, is retiring, the Financial Times reported on.ft.com/2PdATJA, citing a memo sent to the brokerage’s employees on Tuesday.

Neff will be replaced by Bart Grenier, who is currently the global head of asset management at Fidelity International, the company’s global affiliate, the report said.

Reporting by C Nivedita in Bengaluru

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