Ex-Fidelity CIO Nicky Richards joins Australian fund group

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Former Fidelity International CIO Nicky Richards is joining the wealth management arm of the National Australia Bank.

Richards, who will start in the position of CIO in January, will oversee A$65bn at the multi-manager specialist MLC, the Business Spectator reports. Richards left Fidelity after four years in March this year. She previously spent 16 years in various roles at Schroders. "We are extremely pleased to have recruited such a strong investment leader as our CIO," MLC executive general manager of asset management Garry Mulcahy says. "To have attracted someone of Ms Richards' international calibre reflects MLC's position as a global leader in multi-manager investing, and it is a great endo...

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