Fidelity Worldwide Investment has appointed John Clougherty as head of UK retail, a role that involves dealing with intermediaries including wealth managers.

Clougherty previously worked at Aviva Investors UK Funds, where he was chief executive. He has additionally held senior management and sales positions at Fleming Asset Management, Merrill Lynch Investment Managers and Skandia Investment Management. His latest appointment represents a return to Fidelity where he started his career in financial services with Fidelity’s graduate scheme in 1992.

Ben Waterhouse, head of UK retail sales, will report to Clougherty and continues to be responsible for distribution.

The firm’s retail business oversees around £32 billion (around $50.2 billion) of assets. In total, Fidelity Worldwide Investment oversees and administers £145.3 billion of client money, operating in 12 countries (data as of 31 December).