Wealth Manager - Essential news for investment professionals

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

JPM restructures UK sales team in response to RDR

JPM restructures UK sales team in response to RDR

JP Morgan Asset Management has restructured its UK sales force to provide more focus on key clients, recruiting Andy Larkin from Neptune to head its new global strategic relationships team.

Larkin, previously head of strategic relationships at Neptune, will report to head of UK fund sales Jasper Berens (pictured), in one of a series of changes the group said had been made in response to the RDR.

‘The UK fund distribution and fund selection market has undergone significant change following the Retail Distribution Review (RDR),’ said Berens.

‘To meet those changes, this new organisation will better enable our sales teams to focus right across key client channels. Improved alignment with client segments will allow for increased productivity and importantly will ensure our teams have the resources and capacity to deliver our best-in-class product offerings.’

Larkin and his group will focus on building relationships across key client channels, including advisory and discretionary fund panelling, insurance & platforms and wealth managers

Alex Barry, previously head of UK wholesale, will relocate to New York to deal with US clients, while former head of intermediary sales Mike Parsons will head JPM’s new field sales team.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Sarasin’s Boucher: why I like salmon with chocolate

Sarasin’s Boucher: why I like salmon with chocolate

Henry Boucher, manager of the £129 million Sarasin Food & Agriculture Opportunities fund, explains why he is gobbling up salmon and chocolate stocks.

Play Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Libby Ashby and leading wealth managers analyse what the Alibaba IPO hype means for Chinese equities, slowing growth of the UK economy and whether there’s anything left to play for in the European sovereign bond market.

Play Tesco, Japan and the rise of the central banker

Tesco, Japan and the rise of the central banker

 Libby Ashby and leading wealth managers scrutinise the food retail sector, Japan’s consumption tax hike and political risk in the markets.

Your Business: Cover Star Club

Veteran banker boosts Sanlam’s stockbroking team

Veteran banker boosts Sanlam’s stockbroking team

A veteran private banker has been recruited by Sanlam Private Investments to strengthen its advisory stockbroking team.

Wealth Manager on Twitter