Pat Shea, Head of Fidelity FundsNetwork, to retire

After a career spanning over 33 years, Pat Shea, Head of Fidelity FundsNetwork, has decided to retire at the end of 2018.

Pat was appointed to the role of Head of Fidelity FundsNetwork in 2012 and has led the business successfully through many phases of growth and, most significantly, its ongoing technology upgrade programme to deliver significant enhancements to advisers and their clients.

Prior to becoming Head of Fidelity FundsNetwork, Pat worked in variety of roles and across many geographical regions at Fidelity International including Head of UK/European Customer Services, Managing Director for Fidelity International in Taiwan and Chief Operating Officer for Fidelity International in Hong Kong. 

Commenting on Pat Shea’s retirement, Pete Horrell, Managing Director, UK at Fidelity International said: "I would like to convey my thanks and appreciation to Pat for his outstanding contribution to Fidelity and the industry during his long and illustrious career. I wish him a very happy retirement. 

"I'm pleased to say that Pat will remain in his role until the end of the year to help us in the recruitment of his successor and to ensure a smooth transition."


Notes to Editors:

Fidelity International

Fidelity International offers world class investment solutions and retirement expertise. As a privately owned, independent company, investment is our only business. We are driven by the needs of our clients, not by shareholders. Our vision is to deliver innovative client solutions for a better future. We invest £235.1bn globally on behalf of clients in 26 countries across Asia-Pacific, Europe, the Middle East, and South America. Our clients range from central banks, sovereign wealth funds, large corporates, financial institutions, insurers and wealth managers, to private individuals. In addition to asset management, we offer investment administration and guidance for employer benefit schemes, advisers and individuals in several countries. We are responsible for £80.5bn in assets under administration. Data as at 30 June 2018.

FundsNetwork

FundsNetwork™ is Fidelity International’s UK award winning investment services platform that provides advisers and their clients with access to a range of investment wrappers and over 2950 funds from more than 130 providers. 

Since launching in 2000, FundsNetwork has evolved to become a trusted business partner that strives to make it easier for advisers to do business with their clients. Today, the platform offers a comprehensive range of value added services including fund and portfolio analysis tools, time-saving client management functionality and wide-ranging business management support, including business to business reports, back office integration and the capability to set up an ongoing fee. 

Over the last decade, Fidelity’s UK platform has grown to be one of the largest in the UK, currently administering £80.5 billion in assets as at 30.06.18. Fidelity’s financial strength allows continual investment to develop the platform’s capabilities, underlining the long-term commitment to the advisers that FundsNetwork – the adviser facing part of the platform serves. Fidelity’s UK platform includes all Fidelity’s retail fund assets, retail assets held on Fidelity FundsNetwork and retail and institutional assets held on the Fidelity DC Investment Platform.

For further information, please contact:

Henry Chan
Fidelity International
+44 (0) 20 7074 5823
+44 (0) 7917 001 845
Henry.Chan@fil.com

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