Chairman Abigail Johnson, just one year into the role, is said to have recruited a consulting firm to review employee behaviour including reports of sexual harassment, the Wall Street Journal reported.
Managers Robert Chow and Gavin Baker are also both reported to have left the $1.3trn equity division at the fund management firm.
Brian Hogan, president of the stock funds division, is said to have held an emergency meeting with staff last week to outline the company’s zero-tolerance policy for inappropriate conduct.
Fidelity provides “multiple communication channels” for employees to raise concerns about harassment at work including the Chairman’s Line, which allows people to report unethical or inappropriate practices anonymously, senior vice president Vincent G. Loporchio said.
Fidelity specifically prohibits harassment in any form, he added.
“When allegations of these sorts are brought to our attention, we investigate them immediately and take prompt and appropriate action. We simply will not, and do not, tolerate this type of behavior,” Loporchio said.
“Fidelity remains committed to providing all associates with an outstanding work environment and we will always work hard to ensure that we take swift and appropriate action when an individual violates our policies, and more importantly, our values.”
