JP Morgan Asset Management's (JPMAM) head of UK funds Jasper Berens (pictured) is set to leave after more than 20 years at the firm.
In the third high profile exit from the firm in as many weeks, Berens will leave ‘to pursue other opportunities’. The exit follows that of multi-asset boss Talib Sheikh and head of convertibles Antony Vallee.
The UK funds leadership team will report to Massimo Greco, head of EMEA funds, with immediate effect. Berens will remain to help with handover for an unspecified period.
Greco said: 'Jasper has made an enormous contribution to our business, been a relentless advocate for our clients and our industry, and has done so with enthusiasm and passion.
'He has built an excellent leadership team and will work closely with us to ensure a seamless and smooth transition. We wish Jasper the very best in the future.'
Dale Erdei will remain head of UK intermediary sales. Tim Mitchell remains head of strategic relationships for UK funds and Simon Crinage remains head of UK investment trusts.
Berens said: 'After 25 years in the industry, 20 of which have been with JP Morgan Asset Management, it’s time to take a break.
'It’s been a huge privilege to lead this business and I’m very proud of what we have achieved in the UK, as a market leading fund manager and thought leader.'
Berens joined predecessor company Robert Fleming & Co in 1997. He was promoted to head of sales in 2005 and head of UK funds business in 2012.