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Toronto-based Fidelity Investments Canada ULC is shuffling its portfolio management team following the exit of two portfolio managers, the firm announced on Friday.

Effective on Friday, portfolio managers Adam Kramer and Ford O’Neil will co-manage Fidelity Strategic Income Fund. Kramer replaces Joanna Bewick, who is leaving Fidelity to pursue other opportunities.

In light of Bewick’s departure, Geoff Stein will step in as co-portfolio manager of Fidelity Balanced Managed Risk Portfolio, Fidelity Conservative Managed Risk Portfolio, Fidelity Conservative Income Fund and Fidelity Conservative Income Private Pool alongside David Wolf.

Chris Sharpe, a portfolio manager, will also be leaving Fidelity. As a result of his departure, Stein and Wolf will assume management responsibilities for Fidelity NorthStar Balanced Fund and the Fidelity Tactical Strategies Fund.

“We thank Joanna and Chris for their years of hard work and we wish them the best in their future endeavors,” says Rob Strickland, president, Fidelity Investments Canada, in a statement. “We are fortunate to have skilled individuals like Adam, Ford, Geoff and David ready to assume these new responsibilities.”

The investment objectives and strategies of the funds mentioned above remain unchanged.

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