Derek Young is Chief Investment Officer of the Global Asset Allocation Group (GAA) for Fidelity Management & Research Company (FMRCo), the investment advisor for Fidelity’s family of mutual funds. He oversees the strategic investment direction of asset allocation portfolios and the development of talent in the Group. He is a member of Fidelity’s Investment Committee, which provides oversight of its investment strategies, and serves as co-lead of Fidelity Canadian Asset Allocation Fund, Fidelity Monthly Income Fund, Fidelity Dividend Fund and Fidelity Income Allocation Fund.
Derek joined Fidelity in 1996 as Director of Risk Management for Fidelity Management Trust Company (FMTC). In 1999, he became Senior Vice-President of Strategic Services for FMTC, and then Senior Vice-President of Strategic Investment Services and Marketing for FMTC. He also served as a member of the FMTC Trust Committee, which oversees portfolio managers for all disciplines. In November 2003, he was named portfolio strategist responsible for FMRCo and Fidelity Investments Canada portfolios available exclusively to non-U.S. investors. In addition, he was responsible for managing multi-asset-class asset allocation portfolios available exclusively to Canadian and Japanese investors until August 2008.
Derek also led Fidelity’s U.S. Asset Allocation Committee and represented North America on the firm’s Global Asset Allocation Committee until January 2011.
Before joining Fidelity, Derek was a manager in the risk strategy consulting practice for KPMG. From 1991 to 1995, he worked for the Board of Governors of the Federal Reserve as a senior financial analyst, and then as a supervisory financial analyst. Derek began his career as a vice-president at Empire Financial Services in 1986.
Derek received a BSc, summa cum laude, from Troy University in 1986 and received an MBA from Vanderbilt University in 1991. He is a Chartered Financial Analyst (CFA) charterholder. He has published articles and chapters in books on risk management and investment management.