Fidelity appointment flags insto market expansion

Fidelity International has flagged expansion into fixed income, direct property and private credit with the appointment of Mercer executive, Mark Vrkic as director, institutional business, based in Sydney.

The company announced today that Vrkic would help manage institutional client and consultant relationships, and grow Fidelity’s institutional business “as the firm looks to expand into areas such as fixed income, direct property, and private credit over the coming years”.

He will report to Tim Connolly, head of Fidelity’s institutional business.

Commenting on the appointment, Connolly said Vrkic had extensive experience in fund manager research and multi-manager portfolio management and is a very well-regarded figure in the institutional industry.

Vrkic was most recently head of Australian equities research at Mercer prior to which he had roles in the external equities team at Aware Super, and as a PM managing global equities and alternatives portfolios at BT and Advance.

The appointment follows the recent announcement that Fidelity’s director, institutional business, Katie Constance had made the decision to relocate with her young family back to the United Kingdom.