Asset Management

Fidelity offers redundancy to senior staff

Cost-cutting measure comes as the £305bn asset manager looks to combat the threat of cheaper providers

Fidelity offers redundancy to senior staff
Photo: Company Photograph

Fidelity International has asked senior staff to consider taking voluntary redundancy as the £305bn asset manager moves to combat the threat from cheaper providers and embarks on a shake-up of its business.

An internal email sent to Fidelity staff by chief administration officer Sally Nelson outlines a plan to overhaul its management structure and channel cost savings into developing new areas of its business.

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