Gary Shaughnessy, head of Fidelity's retail business, is leaving the firm to become chief executive of Zurich's UK life business.
He will report to David Sims who, in addition to being CEO Zurich Global Life in Europe, has been interim CEO for Zurich's UK Life business since Michael Brennan retired last August. Hugh Mullan takes on the role of managing director of Fidelity Worldwide Investment's UK defined contribution and retail business. Mullan, who is presently European chief operating officer and a member of the company's Global Operating Committee, will take up his new role at the start of April. He joined Fidelity in 2008 and has previous experience in senior roles at Barclays Wealth, Schroders and Citi...
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