Fidelity Investments has created a new position by adding a European fixed-income business development slot and has hired Martin Hall, formerly head of fixed-income at Norwich Union Investment Management to fill it. Martin, who will report to David Stewart, president of European institutional business, will be responsible for business development in the U.K. and Europe, says a firm spokeswoman. Fidelity manages roughly £8 billion in fixed-income assets in the U.K. and Hall was brought on board to help meet the new business opportunities created by European pension funds' increased interest in fixed-income investing.