The company statement added that Mullan’s decision is ‘entirely personal’ and that he is taking time off to travel.
In the interim period, current chief marketing officer Jim Burton will take on Mullan’s role while the search for a successor is initiated.
“Jim Burton, currently chief marketing officer for personal investing at Fidelity Investments – a separate business to Fidelity Worldwide Investment – will join in early March to manage the UK business while we undertake a detailed search for Hugh’s ultimate successor over the coming months,” the firm said.
Burton led Fidelity’s retail brokerage and cash management services from 2007-2012. Prior to that, he spent eight years with Charles Schwab in San Francisco where he was senior vice president of advised investing products.
