Fidelity Investments, the largest money fund manager with over $418 in assets according to Money Fund Intelligence XLS, recently named new Presidents to its Bond and Money Market Groups, moving former Money Market President Bob Brown over to head its Bond group and promoting Nancy Prior to head of Money Markets. The press release says, "Fidelity Asset Management, one of the world's leading global institutional multi-asset class managers, today announced leadership appointments within its Fixed Income Division, which includes the company's Bond Group and Money Market Group.

It explains, "These appointments include: Robert P. Brown has been named president of Fidelity's Bond Group, succeeding Christopher Sullivan. Brown was previously president of Money Markets. Nancy D. Prior has been promoted to president of Money Markets, succeeding Brown. Most recently, Prior was a managing director of Credit Research. Christopher Sullivan has been named head of Institutional Fixed Income, a newly created role. David E. Hamlin has been promoted to head of Research for Fixed Income, a newly created role. Hamlin was previously a managing director of Credit Research."

Charles S. Morrison, president of Fidelity's Fixed Income Division says, "The fixed income markets have grown ever more complex in recent years, while our bond and money market businesses have grown substantially. Enhancing our fixed income structure and expanding our leadership team with these experienced investment professionals strengthens an already exceptional organization and better positions us to seize global growth opportunities, while continuing to help us meet the evolving fixed income needs of our institutional and retail clients."

In other news, a press release entitled, "Deutsche Bank's Institutional Asset Management Business Unveils New Standard for Money Market Fund Reporting," tells us, "DB Advisors, Deutsche Bank's institutional asset management business, today unveiled the latest in a series of pioneering enhancements to its money market reporting capabilities at the Association of Financial Professionals Annual Conference in Boston. Supplementing existing analyses of fund composition and risk metrics, the new reporting capabilities include duration contribution by country, support providers for variable rate demand notes and other features."

Deutsche continues, "Increasingly, corporate treasurers have come to rely on their fund providers for clear and insightful analysis of their liquidity assets. With this in mind, DB Advisors has embarked on a series of industry-leading reporting enhancements aimed at helping clients actively manage their investment needs. Reports are generated on a weekly basis, but can be produced daily, if market conditions require."

The release adds, "The new reports show information such as country and industry concentration, and go well beyond. For example, duration contribution of holdings by country and sector, and a breakdown of exposure to the Eurozone sovereign and banking sectors, offer useful insights. DB Advisors' reporting also includes highly detailed security-specific information, including asset-backed commercial paper sponsors, credit and liquidity support and variable rate demand obligation support."

Joe Sarbinowski, Head of Global Liquidity Management at DB Advisors, comments, "This level of analysis sets a new high water mark for the industry. It allows corporate treasurers and other clients to make informed decisions about their liquidity positions without having to sift through hordes of data. Innovative use of technology has allowed us to bring to our clients the clearest, most comprehensive information available. We believe the scope of risk metrics we provide is unmatched in the industry."

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