Fidelity International has announced Andrew McCaffery will become global chief investment officer (CIO) of asset management, succeeding Bart Grenier who has held the position since January 2018.
McCaffery joined Fidelity International from Aberdeen Standard Investments in July this year in the newly-created role of global chief investment officer of alternatives and solutions. He had also acted as Grenier's deputy.
Grenier is set to return to the US in mid-February 2020 to take up a senior position at Fidelity Investments.
McCaffery spent eight years at ASI in a range of senior roles, including global head of strategic client investments and global head of alternatives, and has more than 30 years of industry experience.
In his role as CIO of alternatives and solutions, he was tasked with leading the development of Fidelity International's alternatives and solutions franchises, including the existing multi-asset, investment solutions design and real estate teams.