Dame Anne Richards, CEO of Fidelity International, is to step down from the role after five years with the company to become vice chair.

Fidelity International CEO Anne Richards has become a Dame in the Queen’s Birthday Honours List.

Fidelity CEO Anne Richards warned of a number of threats to capitalism in a wide-ranging speech at the CFA Institute Annual Conference in London this morning.

Fidelity has recruited experienced investment professional Anne Richards as chief executive from rival M&G where she was CEO of M&G Investments.