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JPM's AA-rated $14bn bond man quits for Neuberger Berman
by Emily Blewett on Aug 13, 2013 at 14:01
Jon Jonsson, who managed nearly $14 billion (£9 billion) in assets at JP Morgan, has been hired by Neuberger Berman as a senior portfolio manager for its London office.
The Citywire AA-rated manager will report to Andrew Johnson, head of investment grade fixed income, in a newly-created role that will see him help manage $58 billion assets across fixed income funds.
Jonsson (pictured) was head of global aggregate strategies at JP Morgan, having previously also held titles such as senior quantative analyst, head of the short-term portfolio management team in New York and head of portfolio management team at the US firm's London office.
US rival Neuberger Berman has already invested heavily into its fixed income offering this year, most notably by hiring a 22-person emerging markets debt team.
No further funds are expected to be launched in the near future following Jonsson's arrival, a spokesperson at Neuberger Berman confirmed to Citywire Global.
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