The investment house said the needs of wholesale distributors and institutional clients are converging, causing it to integrate channels.

Fidelity International has promoted Daisy Ho to the newly-created role of managing director for Asia excluding Japan, integrating the institutional, intermediary and defined contribution business channels under her leadership.

Ho, who joined Fidelity International in 2005, was most recently head of institutional business, Asia ex-Japan. Based in Hong Kong, she will report to Mark Talbot, managing director, Asia-Pacific.

“Across all markets we are observing that wholesale distributors are expecting services that are more complex, customised and similar to standards demanded by institutional clients. This trend will only accelerate. Daisy and her institutional team have delivered outstanding results in growing the Asia institutional business,” said Talbot.

Fidelity International invests $272 billion globally on behalf of a client base that includes wealth managers, central banks, sovereign wealth funds, large corporates, financial institutions and private individuals.