Fidelity Investments said Friday that it named Nancy D. Prior president of the company’s fixed income division and vice chairwoman of Pyramis Global Advisors. She will report to Charlie Morrison, who is president of Fidelity’s $1.9 trillion asset-management organization.
Based in Merrimack, N. H., the fixed-income group manages more than $750 billion in assets.
Prior most recently served as president of money markets (2011-14) and short-duration bonds (2013-14). She succeeds Morrison, who was appointed president of asset management last month.
“A 12-year Fidelity veteran, Nancy has proven herself to be an exceptional leader,” said Morrison, in a press release. “As a member of the fixed income senior leadership team for the past three years, Nancy has skillfully managed our money-market business through one of the most challenging market environments in recent memory, all the while balancing the demands and needs of our clients.”