Mc Nelis Departs Principal for Pyramis

April 8, 2008 ( - Pyramis Global Advisors, a Fidelity Investments Company, has announced the appointment of Patrick J. Mc Nelis as the firm's executive vice president, Global Sales and Distribution.

In this position, Mc Nelis will be responsible for leading Pyramis’ direct sales activities globally; managing the Client Services and Consultant Relations groups and related support; and overseeing Channel Services, which coordinates the distribution of Pyramis products with business partners across Fidelity.

Mc Nelis, who has more than 23 years of experience in the institutional investment management business, joins Pyramis from Principal Global Investors, where he served as executive director and head of Institutional Advisory Services. There Mc Nelis had responsibility for managing Principal Global Investors’ institutional distribution and relationship management activities globally. He was one of the firm’s eight executive directors and a member of its Operating Committee.

Prior to his tenure at Principal, Mc Nelis was managing director and head of Institutional Advisory Services-Americas at Citigroup Asset Management from 2002 to 2005. In that role, he directed the firm’s institutional sales, consultant relations, client service and marketing activities in North and Latin America.

In addition, according to a press release, Mc Nelis has served in senior marketing and consultant-relations roles at TimesSquare Capital Management, T. Rowe Price Associates, Inc, and Nationsbank Investment Management.