Fidelity's Nordic veteran appointed Managing Director for Fidelity’s South-East Asian business

Stockholm, 27 June 2013

Fidelity Worldwide Investment (“Fidelity”) announced today that Mr. Mike Nikou will assume the role of Managing Director, South-East Asia, based in Singapore, with effect from 15 July 2013. He will be responsible for developing the overall business strategy and implementing plans to grow the retail and institutional businesses in Singapore and surrounding key South-East Asian countries. In addition, Mr. Mike Nikou will take responsibility for Asia ex-Japan product development.

Mr. Mike Nikou comes with over 24 years of experience in the asset management industry. He has been with Fidelity for over 16 years and his last appointment with Fidelity was in the role of the Managing Director, Northern and Southern Europe within the Continental European region, overseeing distribution across the Nordic Region, Poland, Benelux, Italy, Spain and Latin America.

In 1996, Mike Nikou started Fidelity’s Nordic business by opening up an office in Stockholm. The office has grown steadily and now has 12 employees, covering institutional and wholesale business across the Nordic region.

- “It has been fantastic working closely together with our Nordic partners for so long. It has been a great experience and I bring with me many fond memories”, says Mr. Mike Nikou.

Mr. Mark Talbot, Managing Director, Asia Pacific ex-Japan, said: ”When seeking to fill this strategic role, it was vital to find someone who has had the experience of managing a portfolio of businesses at different stages of development across a variety of distribution channels. It was equally important to find someone with a track record of growing businesses in both new and established markets; and who would be able to leverage the broader resources within Fidelity where required. I am delighted to have found all these qualities in Mike. His extensive experience and knowledge qualify him to run the business in the South- East Asian region, and ensure that the business is set up for further success and growth going forward.”

Mr. Mike Nikou said, “Singapore is a regional centre for investment management and research as well as the regional business hub for Singapore and South-East Asia. This region is an important market for Fidelity with tremendous growth potential, and I am excited about spearheading business development in this region. I look forward to working closely with our wholesale and institutional partners across South-East Asia to understand their needs and address them with solutions that draw upon the full spectrum of Fidelity's global capabilities.”