Former Treasury Official Joins Fidelity

Anthony Ryan, Under Secretary of Domestic Finance with the Treasury Department until just last month, will be joining Fidelity Investments to develop new products and strategies.

Previously, Ryan spent six years as a partner and head of global business development and client relations at Grantham, Mayo, Van Otterloo. From 1994 to 2000, he was a principal, chief investment officer and portfolio manager of global equities at State Street Global Advisors. From 1988 to 1994, he was manager, global investments, at PanAgora Asset Management.

"We're very fortunate to have the opportunity to add an individual of Tony's caliber to our senior investment management executive team," said Michael E. Wilens, head of asset management at Fidelity. "In partnership with the heads of our investment businesses –Fidelity Management & Research Company, Pyramis Global Advisors, and Strategic Advisers, Inc. –Tony will be responsible for defining long-term investment strategies and approaches, and will head the development and coordination of investment management product offerings across the three businesses.

“Tony not only has a long and distinguished background in investment management,” Wilens continued, “but also displayed his considerable leadership skills at the Treasury Department, where he recently headed the team that developed the government plan to rescue Fannie Mae and Freddie Mac. He will bring fresh perspectives and innovative thinking to our investment efforts.”