Fidelity MultiManager appoints Ayesha Akbar

London 16 April 2008 – Fidelity MultiManager has appointed Ayesha Akbar as a Portfolio Manager, Asian and Emerging Markets equities. Ayesha will join in June 2008, reporting to Geraldine Stewart, Head of Investment – MultiManager.

Working in the growing, London-based Fidelity MultiManager investment team, Ayesha will focus on manager research, analysis and selection for the Asian and Emerging Markets within the MultiManager product range.

Ayesha brings nine years of multi-manager investment experience to the role. She joins from Barclays Wealth, where she held primary responsibility for Asia and emerging market manager research and selection. Prior to that she worked in the multi-manager team at Barclays Private Clients.

Ayesha joins the Fidelity MultiManager investment team which is currently 12 strong – her recruitment, together with a number of other investment professionals, will bring the investment team to up to 16 by August 2008.

Geraldine Stewart says: “I am delighted at Ayesha’s appointment – this is a significant milestone for Fidelity MultiManager as we continue to build our investment team. She has extensive investment experience across numerous asset classes, with proven strengths in researching Asian and Emerging Markets managers.”

FIL Limited (“FIL”) and its subsidiary companies serve the major markets of the world by providing investment products and services to individuals and institutional investors outside the US. FIL Limited manages a total of £150.9 billion of assets*.
Notes to editors:
* Source: Fidelity as at 31.12.07
This material is for Investment Professionals only and should not be relied upon by private investors. It must not be reproduced or circulated without prior permission. This communication is not directed at, and must not be acted upon by persons inside the United Kingdom or the United States and is otherwise only directed at persons residing in jurisdictions where the relevant funds are authorised for distribution or where no such authorisation is required. Fidelity/Fidelity International means FIL Limited, established in Bermuda, and its subsidiary companies. Unless otherwise stated, all views are those of the Fidelity organisation. Fidelity only offers information on its own products and services and does not provide investment advice based on individual circumstances. Fidelity MultiManager Asia High Alpha Fund, Fidelity MultiManager Emerging Europe Fund, Fidelity MultiManager Emerging markets Fund and the Fidelity MultiManager Global High Alpha Fund are sub-funds of Fidelity MultiManager SICAV, an open-ended investment company established in Luxembourg with different classes of shares. The Full Prospectus and Simplified Prospectus for this fund are available from Fidelity on request. The UK distributor of Fidelity MultiManager SICAV is FIL Investments International. The value of investments can go down as well as up and may be affected by fluctuations in exchange rates. Investors may not get back the amount invested. In certain countries, and for certain types of investments, transaction costs are higher and liquidity is lower than elsewhere. There may also be limited opportunities to find alternative ways of managing cash flows especially where the focus of investment is on small and medium sized firms. For funds specialising in such countries and investment types, transactions, particularly those large in size, are likely to have a greater impact on the costs of running a fund than similar transactions in larger funds. Prospective investors should bear this in mind in selecting funds. Issued by FIL Pensions Management (FSA registered number 144345) a firm authorised and regulated by the Financial Services Authority. FIL Pensions Management is a member of the Fidelity International group of companies and is registered in England and Wales under the company number 02015142. The registered office of the company is Oakhill House, 130 Tonbridge Road, Hildenborough, Tonbridge, Kent TN11 9DZ, United Kingdom. Fidelity International’s VAT identification number is 395 3090 35.

Contact our press office

If you are a member of the media please email our Press Office or call one of our PR team.

For more information, please contact:

David Butcher:
020 7074 5262

Sam Slator:
01737 837 847