UK - Fidelity International chief investment officer Nicky Richards is to depart the group at the end of this month.
Richards, who joined Fidelity in 2006 after 16 years at Schroders, is planning to take time away from the industry.
Robert Higginbotham, Fidelity's president and chief executive for Europe, will take over Richards' responsibilities while the group searches for a replacement.
Fidelity said the robust investment processes put in place by Richards will allow the day to day running of client portfolios to be unaffected.
Richards joined Fidelity in 2006 as chief investment officer for European equities before taking on the broader role of group cheif investment officer in 2007.
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