US asset manager Fidelity International has appointed Daisy Ho to the newly-created position of president of its China operations effective next year.
Ms. Ho, who is currently the managing director for Asia ex-Japan and Middle East, will move into her new role on January 1.
She will provide overall leadership and management to the company’s business, investment, operations and other key functions in China, Fidelity says in a statement on November 6.
She will be based in Shanghai.
“Daisy 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,” Rajeev Mittal, the managing director for Asia Pacific ex-Japan, says in the statement.
Ms. Ho joined the company in 2005 as head of relationship management for Hong Kong institutional business.
Fidelity has been in China for over two decades, and was among the first foreign asset managers licensed as wholly foreign-owned enterprises to set up a subsidiary in Shanghai four years ago.
In 2017, the Fidelity unit registered as a private fund manager with industry group Asset Management Association of China, allowing it to sell private funds to wealthy individual investors in the Mainland.
Fidelity International had US$419.3 billion of total assets as of September 2019.