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Fidelity boosts local operation with hire

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Fidelity has hired former Everest Babcock & Brown executive to head up its intermediary business.

Fidelity International (Fidelity) has boosted its Australian operations with the hire of Andrew Keay to the position of director, head of intermediary business.

Former Everest Babcock & Brown head of distribution, Keay joins Fidelity on October 13, 2008, and will report to managing director Gerard Doherty.

"This senior hire will provide a further boost for the company's growth in Australia, which is crucial to the continuing success of the firm in the Asia Pacific region," Doherty said.

"The addition of an individual of Andrew's calibre and proven track record means we are well-positioned to grow this business and meet the changing needs of our investors/clients."

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In his new role, Keay will be responsible for building the business infrastructure to support Fidelity's growth strategy.

He will also be responsible for securing ratings with research houses, managing dealer group relationships, helping develop the company's local product range and developing platform shelf space.

Prior to his role with Everest Babcock & Brown, Keay held senior positions with AMP Capital Investors, Perpetual Investments and Macquarie Bank.