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Ex-Fidelity $1.8 Trillion Manager Perold Joins Allstate's Board

  • Perold's addition to board brings total to 11 directors
  • Perold had worked as president of Fidelity's mutual funds unit

Allstate Corp., the largest publicly traded U.S. car and home insurer, elected former Fidelity Investments money manager Jacques Perold to its board.

The insurer now has 11 directors, Northbrook, Illinois-based Allstate said Tuesday in a statement. Perold, 57, was president of Fidelity Management & Research Co., overseeing a group of mutual funds with about $1.8 trillion under management. He retired from Fidelity in 2014, Allstate said.