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Fidelity names head of model portfolio service

Asset manager Fidelity International has appointed Graham Folley as head of model portfolio service (MPS) and intermediary solutions, a newly created role to boost the firm’s offering to UK advisers and distribution partners.

Folley will lead the development and delivery of Fidelity’s MPS and its broader intermediary solutions proposition. Working with advisers, platforms and discretionary managers, he will focus on expanding the range of solutions available to intermediaries while ensuring a consistent and streamlined service experience across channels.

Based in London, Folley brings more than three decades of experience in intermediary distribution, model portfolios and outsourced investment solutions. He joined from Quilter, where he held several various positions over a 22-year tenure, most recently serving as head of business development and discretionary sales.

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Dennis Pellerito, head of wholesale, Fidelity International, said: “The growth and evolution of the Model Portfolio Services and outsourced investment solutions continues to be a major structural trend in UK wealth management, and advisers are looking for partners who can combine deep investment expertise with service and value. Graham’s experience in building and supporting intermediary-focused propositions will be invaluable as we continue to strengthen our Model Portfolio Service and deliver enhanced investment solutions to our clients.”

Folley added: “I am excited to be joining Fidelity International at a time when demand for high-quality, outcome-focused Model Portfolio Services and investment solutions has never been greater. Fidelity’s global research platform, investment heritage and commitment to the intermediary market provide a compelling foundation. I look forward to working with colleagues and our adviser partners to further develop Fidelity’s offering in this space.”

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