Several senior moves follow the decision by a Fidelity Investments veteran to retire.

Andrew McCaffery has been named global chief investment officer of asset management at London-based Fidelity International, succeeding Bart Grenier. The privately owned investment firm said that Grenier would be moving back to the US from London next February to take up a senior role at mutual fund giant Fidelity Investments. It is understood that Grenier will replace Steve Neff as head of the Boston-based firm's $3 trillion asset management division when Neff retires in early 2020. Grenier has led the asset management business at Fidelity International in London since January 2018.

Replacing him, McCaffery joined Fidelity International in July as global chief investment officer for alternatives and solutions, and has acted as Grenier’s deputy. Before Fidelity, the 30-year veteran spent eight years at Aberdeen Standard Investments in a range of senior roles, including global head of strategic client investments and global head of alternatives.