JP Morgan Asset Management has recruited Tim Mitchell from Investec Bank as its new head of investment trust sales.
In the newly created role Mitchell will co-ordinate sales and investor relations for the firm’s range of closed-ended funds, which currently numbers 23 trusts with £8 billion of assets under management.
At Investec Mitchell was co-head of investment companies, having joined in 2012 after 10 years as Invesco’s head of listed funds sales.
JP Morgan has also appointed Charly Capper as head of marketing for investment trusts. For the past two years Capper headed the marketing effort for the JPM Adviser Solutions multi-manager business.
The appointments will allow James Saunders Watson to focus on his responsibilities as a client director, liaising between the business and the trusts' boards.
‘Last year was our best ever in terms of fundraising, with two new trusts launched – JPMorgan Global Convertibles Income fund and JPMorgan Senior Secured Loan fund – and new shares issued by nine other trusts,' said Simon Crinage, head of investment trusts at JP Morgan.
'With our new teams in place I am confident we can go on to even better things in the years ahead.’