Pyramis Global Advisors, Fidelity Investments’ institutional business, has established a cash management business in London to offer a suite of money market and other cash management solutions in the world’s major currencies.

To lead the business, Peter W. Knight, has joined Pyramis as head of international business development, money markets, reporting to Pyramis President Kevin Uebelein. Knight will also work with Fidelity’s U.S.-based global fixed income unit, which manages more than $730 billion in assets.

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