Five members of JP Morgan Asset Management’s (JPMAM) UK fund sales team have resigned 'to pursue other opportunities', the latest in a series of exits.
The departures include Nick Webb, manager for UK platforms, Andrea Hohlachoff, head of insurance and platforms, Nick Keem head of UK wealth manager sales, and fund sales executives Rosanna Holt and Chris Grant.
JPMAM experienced £6 billion in outflows in 2017, according to the lastest Pridham report.
In a statement JPMAM said: ‘These departures are not connected to one another and each departure should be viewed separately. Each individual is leaving JPMAM to pursue other opportunities.
‘None of the sales roles departures will have any impact on our investment processes. We remain committed to and focused on serving our clients and will be taking this opportunity to strengthen our team and to proactively hire. There will be further announcements in due course.’
The UK funds team will continue to be headed by Dale Erdei, Tim Mitchell and Simon Crinage.
Erdei is head of UK intermediary sales and was appointed to the role in March 2016 following his relocation to London from JPMAM’s US funds team.
Mitchell was promoted to head of strategic relationships for UK funds in December 2017, overseeing a newly combined team including wealth management sales, investment trust sales and the investor relations team.
Mitchell was head hunted from Investec in January 2014 as head of investment trust sales and investor relations.
Head of UK investment trusts Crinage was appointed to this role in April 2013.
His career at JPMorgan spans three decades during which time he has held a variety of different roles including sales, marketing, corporate finance and accounting.