Fidelity Shuffles Fixed-Income Department

October 26, 2004 ( - Fidelity Investments seems to be playing a bit of musical chairs in its fixed-income department.

As a result of Dwight Churchill being moved into a new role as senior vice president for investment services at Fidelity Management & Research Co., multiple people will shift job posts. Churchill was head of the fixed-income group.

David Murphy, Fidelity’s money market group leader, with replace Churchill, while Charlie Morrison, bond group leader, will replace Murphy, CBS MarketWatch reported. Thomas Silvia, a portfolio manager at Fidelity, will replace Morrison, and William Irving, a fixed-income analyst, will replace Silvia as manager of Fidelity’s Ginnie Mae, Inflation-Protected Bond and Advisor Inflation-Protected Bond funds.

Irving will also succeed Silvia as co-manager of Fidelity Advisor Government Investment Fund. George Fischer, currently managing Fidelity’s Government Income Fund, will also co-manage with Irving. He will stay on in his current position as well, however.