The managing director of Fidelity Worldwide Investment's UK business is stepping down, it has been announced today.
Hugh Mullan has opted to leave the company, which stressed his reasons for doing so were "entirely personal".
Mr Mullan has decided take an extended career break to travel, the firm said in a statement.
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Fideility's statement read: "We have initiated a search for a successor.
"Jim Burton, currently chief marketing officer for personal investing at Fidelity Investments – a separate business to Fidelity Worldwide Investment, will join in early March to manage the UK business while we undertake a detailed search for Hugh's ultimate successor over the coming months."
Mr Burton held a senior role at Charles Schwab in San Francisco before joining Fidelity in 2007.