Thursday, December 17, 2009

Fidelity appoints Ramanathan (BMD 2000) as fixed income fund manager


Fidelity Mutual Fund today announced that it has appointed Shriram Ramanathan as the new fund manager for its fixed income funds.

He will be the fund manager for five fixed income / hybrid funds - Fidelity Cash Fund, Fidelity Ultra Short Term Debt Fund, Fidelity Flexi Bond Fund, Fidelity Flexi Gilt Fund and Fidelity Wealth Builder Fund.

Commenting on the appointment, Andrew Wells, Global chief investment officer (CIO) - fixed income, Fidelity International, said, ``I am pleased to welcome Shriram to the India fixed income team. With his decade long experience in fixed income investing locally and domestically, he brings expertise that will strengthen the team as we look to grow our fixed income business in India.``

Prior to joining Fidelity, Shriram was senior investment manager - global emerging market debt (Asia) at ING Investment Management Asia Pacific in Hong Kong. He started with ING Investment Management as a fixed income fund manager in India. His earlier assignments were with Zurich Asset Management Company in fixed income research and with the treasury department of ICICI Bank. Shriram started his career with Larsen and Toubro.

He is a chartered financial analyst and holds a post graduate diploma in business management from XLRI Jamshedpur and an engineering degree from the university of Mumbai.

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