Fidelity says it has made strides in promoting women over the years but there’s more to do.
Fidelity Investments has stepped up promotions of women in its stock-picking group, which was hit last year with allegations of sexual harassment.
About 30 percent of fund manager appointments in the Boston company’s equity unit have gone to women in 2018, the most in five years, according to an analysis by Bloomberg. Even with these moves, men still overwhelmingly dominate the money-manager ranks.
Janet Glazer, who has a master’s in business administration from the Massachusetts Institute of Technology, was tapped in June for the senior leadership team that oversees the business. And Nidhi Gupta, a Harvard MBA, will exclusively preside over more than $7.8 billion in technology assets.
The stock group has been a high-profile engine of the investing giant for decades, managing north of $1 trillion across more than 350 mutual funds.
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