Milica Fomicov has left her position as a portfolio manager in the multi-manager team at Barclays Wealth & Investment to join JP Morgan Private Bank.
Fomicov has now been named as a portfolio manager and vice president at JP Morgan, working on funds with over £3 billion of assets under management in the private bank’s multi-asset team.
'We are thrilled to have somebody of Milica’s caliber and experience join,' said Michel Perera, head of the Global Access fund team for Europe, the Middle East and Africa at JPM Private Bank.
At Barclays, where she focused on Japanese and US equities, Fomicov held a Citywire + rating.
Her £180 million Japan fund has returned 58.9% over the past three years. That is top decile within its Citywire Japanese Equities sector, where the average fund has generated 21.5%.
Fomicov’s £203 million US Small & Mid Cap Equity fund is top quartile on a three-year view, producing 49.5% versus the peer group average of 40.4%.
The £483 million US Value fund she worked on has a shorter track record, but ranks fourth out of 141 in its sector over the past year, having returned 17.6% compared with the average of 6%.
Fomicov also featured as one of last year alongside her colleague Jaime Arguello, head of multi-management at Barclays Wealth.
Chady Jouni has taken on responsibility for the two US strategies, and Ziad Abou Gergi for the Japan fund. Jouni is currently a top-decile performer in the European equity sector over the past three years, while Abou Gergi is top quartile in the property securities category over one year.