Fidelity strengthens institutional team

Fidelity International has hired Mark Vrkic to help grow the manager's institutional business as the firm looks to expand into fixed income, direct property, and private credit.

Vrkic joins Fidelity from Mercer where he has spent the last three and a half years as head of Australian equities research.

Before that, he worked at First State Super ( now Aware Super) as an analyst and an equities and alternatives portfolio manager at BT and Advance Asset Management.

Commenting on the new appointment, Fidelity managing director Alva Devoy said: "Mark is a disciplined and motivated investment professional with demonstrated skill delivering a wide range of investment advice and portfolio solutions in a career spanning more than 20 years. His experience and passion will be hugely beneficial as we embark on the next growth stage of our business."

Vrkic's appointment follows the recent announcement that his predecessor Katie Constance had relocated back to the United Kingdom with her young family.

Constance remains with Fidelity and will be transitioning to a role within the sustainable Investing team based in London.

"We're fortunate at Fidelity to have an extensive global network which enables our people to move internally and transfer to other countries and indeed teams," added Devoy.

"Thankfully this means we're in the fortunate position to keep Katie in the family and we look forward to working with her in her new capacity within the sustainable team - something very dear to both our hearts."