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Tuesday, 22 November 2016

Johnson adds chairman title at Fidelity, Woody Sherwood leaving Goldman

MOVES- We have a couple of notable non-Egyptian moves for you this morning: With at least one of us both the very proud father of a daughter and business owner, we’re delighted to note that Abigail Johnson has taken the reins at Fidelity, asset manager with about USD 5.5 tn in AUM, from her father Ned. She adds the title chairman to her name alongside CEO at the Boston-based money manager, which she’s run since 2014. Coverage in the WSJ, the Financial Times and Fortune.

Also this morning: Goldman’s co-head of Europe looks set to be leaving the bank before London leaves Europe. Michael “Woody” Sherwood — a 30-year veteran of the firm and one-time candidate to succeed Lloyd Blankfein — will step down at month’s end, but stick around for another six months or so as a senior director to complete a handover. Co-head of Europe Richard Gnodde takes full control of Europe for Goldman. Reuters takes note of the move, but the Financial Times and the Journal have better coverage.

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