Fidelity Worldwide Investment has appointed Hugh Mullan as its new head of FundsNetwork to replace David White who has left the company.  Mullan will continue to also be head of Fidelity’s UK defined contribution and retail business.

White has left Fidelity after 10 years and was most recently responsible for developing FundsNetwork’s unbundled platform charging structure.

Mullan said: ‘It is with regret that I have accepted David’s decision to move on after 10 successful years with Fidelity. David has led FundsNetwork with skill during a key period leading up to the retail distribution review (RDR).

‘He leaves the business extremely well-positioned for the post-RDR environment and I am confident that FundsNetwork will continue to play a leading role in the UK’s fund platform industry which it pioneered more than a decade ago.’

Source: New Model Adviser CityWire.  Read full article here.