Pyramis Global Advisors Continues Expansion of Global Distribution Capabilities

Maureen Fitzgerald Hired to Lead North American Institutional Distribution;
Colin Fitzgerald Hired as Head of International Institutional Distribution;
Michael Barnett to Lead Canadian Institutional Sales and Service

Pyramis Global Advisors^® , a Fidelity Investments^® company and leading global institutional asset manager, today announced it has significantly expanded its global distribution leadership team. The appointments include the following:

• Maureen Fitzgerald has been hired as head of North American Institutional Distribution, a newly created position. She will report to Michael A. Jones, president and chairman of Pyramis.
• Colin Fitzgerald has been hired as head of International Institutional Distribution, a newly created position. He will report to Jones.
• Michael Barnett will assume the role of head of Canadian Institutional Sales and Service. Barnett was previously executive vice president of Institutional Sales for Pyramis. He will dual report to Robert Strickland, president of Fidelity Investments Canada, and Ms. Fitzgerald.

“The rapidly changing global financial landscape has created extraordinary challenges for institutional investors, requiring asset managers to bring deep skills and capabilities to solve for their complex needs,” said Jones. “Broadening Pyramis’ distribution structure and expanding our leadership team with these talented and experienced professionals, allows us to better understand the distinct and complex needs of institutional investors, so that we can create and deliver highly customized solutions that will help them achieve their business objectives.”

Maureen Fitzgerald

As head of North American Institutional Distribution, Ms. Fitzgerald will be responsible for U.S. and Canadian sales and global consultant relations. She joins Pyramis from State Street Global Advisors (SSgA), where she served as head of the Institutional Client Group for North America directing the service and expansion of client, prospect and consultant relationships. Prior to this role, Ms. Fitzgerald served as head of U.S. Institutional Sales and Global Consultant Relations. She joined SSgA in 1994 and held numerous positions in sales and consultant relations. Ms. Fitzgerald will be based in Smithfield, Rhode Island.

Colin Fitzgerald

As Pyramis’ head of International Institutional Distribution, Mr. Fitzgerald will focus on expanding the company’s distribution capabilities in Europe and Asia. He joins Pyramis from Robeco Group, where he served as Global Head of Key Accounts and Consultants. In that role, he was responsible for Robeco’s global distribution and partnership business. He also directed Robeco’s global consultant relations program. Before joining Robeco in 2003, Mr. Fitzgerald held a variety of global sales and business development positions. He will be based in London, England.

Michael Barnett

Mr. Barnett, who has been executive vice president of Institutional Sales for Pyramis since 2010, will assume the role of head of Canadian Institutional Sales and Service. While reporting to Robert Strickland, president of Fidelity Investments Canada, Mr. Barnett will also dual report to Ms. Fitzgerald, working closely with her to refine the strategy for growing Pyramis’ sales and service efforts in the Canadian institutional market. Mr. Barnett has more than 25 years experience in financial services, most of it in Canada. From 1999 until 2010, when he took on his most recent role, he held a number of senior leadership roles with Fidelity Investments Canada, supporting the retail and institutional markets. He will be based in Toronto, Canada.

“The collective experience of Maureen, Colin and Michael form an impressive leadership team that expands our global institutional distribution capabilities at a time when many other asset managers are cutting back their client-facing resources,” said Jones. “We remain deeply committed to the institutional market and to helping clients access the deep and diverse multi-asset-class investment capabilities of Fidelity.”

About Pyramis Global Advisors

Pyramis Global Advisors, a Fidelity Investments company, delivers asset management products and services designed to meet the needs of institutional investors around the world. Pyramis is a multi-asset class manager with extensive experience managing investments for and serving the needs of some of the world’s largest corporate and public defined benefit and defined contribution plans, endowments and foundations, insurance companies, and financial institutions. The firm offers traditional long-only and alternative equity, as well as fixed income and real estate debt and REIT investment strategies. As of June 30, 2012, assets under management totaled $180 billion USD. Headquartered in Smithfield, RI, USA, Pyramis offices are located in Boston, Toronto, Montreal, London, and Hong Kong.

Fidelity Brokerage Services LLC, Member NYSE, SIPC
900 Salem Street, Smithfield, RI 02917

Fidelity Investments Institutional Services Company, Inc.,
100 Salem Street, Smithfield, RI 02917

624995.1.0

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Alexi Maravel, 857-202-7874
alexi.maravel@fmr.com
or
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