Fidelity-Owned Group of 2,000 Family Offices Gets New Leader
- Kimberly Sheehy to run division comprising members-only groups
- Forge Community is one of the biggest family office networks
The group, which focuses on US family offices serving a single client, grew out of Fidelity inviting eight industry executives to meet in 2011.
Photographer: Graeme Sloan/BloombergA family office group owned by Fidelity Investments’ parent company appointed Kimberly Sheehy as its new head, tapping a veteran of the fund giant to oversee one of the largest networks for investment firms of the ultra-rich.
Sheehy will run its Communities Center of Excellence, a division comprising two members-only groups. One is for professionals at investment firms of super-rich families, Forge Community, and the other for financial advisers, Finteract. She replaces Jennifer Richardson, who cited Fidelity taking a “different strategic direction” in an October automated reply to her Forge email account.