Passing the baton at Fidelity in Taiwan

Pat Shea hands off to new hire Tung Tai-chin.

Fidelity Investments is localizing its Taiwan business by hiring native Tung Tai-chin to head its business there. Tung has recently joined the firm from the United States, where she has worked for 25 years in the investment management industry, most recently as CFO and head of offshore product development at Charles Schwab's asset management business.

She will replace Patrick Shea as country head and managing director. Shea leaves at the end of the year for London, where he will serve as head of the 150-person institutional client service and operations team. Tung will report to regional CEO Brett Goodin in Tokyo.

Shea had been in Taipei for...

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