Fidelity Taps Prudential's Uebelein to Head Pyramis

June 20, 2008 ( - Pyramis Global Advisors, a Fidelity Investments company, has announced the appointment of Kevin C. Uebelein as its president and CEO.

Uebelein succeeds Peter J. Smail, who announced his retirement from the firm earlier this year (see Smail Retires from Pyramis Post ).

Uebelein has more than 22 years of experience in the institutional investment management business, joining Pyramis from Prudential Financial, where for the past seven years he has served as chief investment officer for all its International businesses. This role included oversight of assets in aggregate of over $130 billion, encompassing businesses in Asia, Latin America and Europe, as well as the full gamut of asset types, investment styles and customers, according to a press release .

Uebelein will join Pyramis in late June and will report to Michael E. Wilens, who less than two weeks ago was named Fidelity’s head of Asset Management (see Fidelity Taps Wilens for Asset Mgt. Executive Post ).

Prior to his most recent role as CIO of Prudential’s International Division, Uebelein was managing director of Prudential Private Asset Management Group, with P&L responsibility for all the firm’s private equity and alternative asset investment businesses, U.S. and internationally. He joined Prudential as a private placement analyst in 1986, based in Houston, after having spent several years as internal auditor in the oil industry and earning his CPA.