Fidelity International China Head James Sun Resigns
Fidelity International announced that James Sun has left his role as China head for personal reasons after one year in the position. Edmond Tan has been appointed as acting general manager for the unit which manages 4.5 billion yuan in assets.
Fidelity International China head James Sun resigned for personal reasons after one year in the role. The leadership change follows the unit's recent expansion into pension target funds and cross-border mutual recognition products. The departure highlights the management volatility facing foreign asset managers attempting to scale in the competitive mainland market.
### Leadership Transition at the China Unit Sun, a fund industry veteran, stepped down from the general manager position he assumed in May 2022. Fidelity International Asia ex-Japan head Damien Mooney informed staff of the departure, according to people familiar with the matter. Edmond Tan, previously the head of finance and strategy for the unit, will serve as acting general manager effective immediately.
