Henderson Global Investors’ multi-manager Tony Lanning has left to manage portfolios across JP Morgan's asset management and private bank divisions.
Lanning, formerly manager of the Henderson Multi-Manager Absolute Return and Henderson Multi-Manager Managed funds, will take charge of portfolios built by the JP Morgan Adviser Solutions investment team, which spans the firm's asset management and private bank divisions.
He will manage the JPM Elite Portfolios, a six strong range of multi-manager actively managed portfolios which are run on a discretionary basis and will be risk-graded, alongside the JPM Fusion fund range,which consists of five fund of funds.
Lanning is set to leave Henderson in January. Bill McQuaker, head of multi-asset, will take over as lead manager of the funds and will be supported by the firm's 10-strong multi-asset team.
Lanning (pictured) joined Henderson as a director of multi-asset after it bought Gartmore in 2011.
Formerly, he had been head of multi-manager at Gartmore. Over the three years to the end of October he posted an 8.43% return with the fund versus a 2.45% rise by three month Libor.