Derek Young: A Trailblazer in Asset Management
Derek Young, an alumnus of the Sorrell College of Business, has achieved a significant milestone in his career by being appointed as the Global Head of Asset Management Distribution at Fidelity Investments.
Leading Global Distribution Teams
In his new role, Young oversees the distribution teams for Europe and the Asia-Pacific region excluding Japan. Since March 2024, he has also taken charge of the Client Propositions team, which is dedicated to aligning client needs with Fidelity’s comprehensive investment solutions. Young’s leadership extends to being an integral member of Fidelity International’s Global Operating Committee.
A Proven Track Record in Japan
Prior to this, Young served as the President for Fidelity’s Japan operations, where he successfully managed various business channels. His responsibilities encompassed wholesale distribution of Fidelity-branded funds through financial institutions, providing investment solutions to institutional investors, and leading the Personal Investing division that catered to retail clients.
Extensive Experience at Fidelity
Young’s tenure at Fidelity Investments has spanned from 1996 to 2018, during which he held numerous influential positions. Notably, he was the Vice Chairman of Fidelity Institutional Asset Management (FIAM) from 2011 to 2018, overseeing roles such as Head of Investment Client Strategy and President of the Global Asset Allocation (GAA) division. His expertise also led him to serve as a trustee on several Fidelity boards, demonstrating his commitment to the firm’s governance and strategic direction.
From 2009 to 2011, he was the Chief Investment Officer of the Global Asset Allocation group for Fidelity Management & Research Company, where he directed the strategic investment approaches for asset allocation portfolios.
Growing Through Challenges
Derek Young began his journey at Fidelity in 1996 as the Director of Risk Management for Fidelity Management Trust Company. Over the years, he ascended through various roles, including Senior Vice President of Strategic Services and Marketing. In 2003, he took on the role of Portfolio Strategist for FMR Co., where he managed multiple investment strategies for clients across North America, Europe, and Asia.
Educational Foundation and Community Engagement
Young graduated with a Bachelor of Science degree from Troy University in 1986 and later earned an MBA from Vanderbilt University in 1991. He remains actively involved in his alma mater as Chair and a founding member of the Asia Alumni Board. Additionally, he plays a vital role as the Vice Chair of the American Chamber of Commerce Japan Financial Services Forum, contributing to the advancement of women in financial services as well.
Conclusion
Derek Young’s impressive career trajectory and his recent appointment highlight not only his exceptional skills and dedication but also the importance of strong leadership in the asset management sector. As he continues to steer Fidelity’s Global Asset Management Distribution, his commitment to aligning client needs with investment capabilities remains paramount, paving the way for future success in a dynamic industry.
