BOSTON — Fidelity Investments®, one of the largest and most diversified global asset management firms with more than $2.4 trillion in managed assets,1 today announced the appointment of Vadim Zlotnikov as Head of its Global Asset Allocation (GAA) division.
Zlotnikov joins Fidelity from AllianceBernstein, where he was serving as chief market strategist, co-head of Multi-Asset Solutions and chief investment officer for Systematic and Index Strategies. In his new role, Zlotnikov will report directly to Charlie Morrison, president, Asset Management.
"Vadim is a proven leader in the development, management and oversight of investment solutions," said Morrison. "We're excited to have him join our investment team, and look forward to having him guide our innovation efforts on behalf of our clients."
GAA is one of the main investment groups at Fidelity, alongside Equity and Fixed Income. This multi-asset class division is well known for its target-date suite of Freedom Funds, which it has managed since 1996, and Fidelity Institutional Asset Management (FIAM) target-date strategies, both of which seek high total return until a target retirement date, at which point the strategies strive for high current income and capital appreciation. GAA also provides a wide range of asset-allocation mutual funds and institutional strategies that help investors meet different objectives within their investment portfolios, including target risk and income/real return. GAA managed approximately $440 billion in assets of December 31, 2017.
About Fidelity Investments
Fidelity's mission is to inspire better futures and deliver better outcomes for the customers and businesses we serve. With assets under administration of $6.8 trillion, including managed assets of $2.4 trillion as of December 31, 2017, we focus on meeting the unique needs of a diverse set of customers: helping more than 26 million people invest their own life savings, 23,000 businesses manage employee benefit programs, as well as providing more than 12,500 financial advisory firms with investment and technology solutions to invest their own clients' money. Privately held for 70 years, Fidelity employs more than 40,000 associates who are focused on the long-term success of our customers. For more information about Fidelity Investments, visit https://www.fidelity.com/about.