Fidelity has hired Credit Suisse Asset Management’s Lei Zhu as the head of Asian fixed income. She initiates her new role in January next year in Hong Kong.
Zhu will report to Steve Ellis, global CIO of fixed income, taking on managerial responsibility for the fixed income portfolio management team in Asia Pacific. She will also take the lead on Fidelity’s fixed income business, while working closely with the research, trading and investment directing teams.
Zhu has spent a decade at Credit Suisse, with her most recent role was as managing director and head of Asia fixed income at the firm’s asset management arm.
Before that, Zhu held a number of roles with DBS Bank and Ernst & Young.
Zhu will replace Marty Dropkin, who was appointed as Fidelity’s Asia Pacific head of equities in July this year. At present, the Asian fixed income duties are overseen by Ellis.
Ellis said: ‘Lei Zhu’s breadth and depth of experience across the Asia Pacific region will add tremendous value to the team and to Fidelity as a whole. She has an exceptional track record and extensive knowledge of Asian fixed income markets.’
At Credit Suisse, Zhu manages the CS Bond Asia Corporate, CS Bond Asia Local Currency and CS China RMB Credit Bond funds.
As of end September, Fidelity oversaw $613.3bn in assets, with more than 2.8m customers globally.