UK - Arno kitts is stepping down as head of JPMorgan Fleming Asset Management's UK institutional investment arm.
His decision comes amid reports of 300 job cuts at the firm.
JPMorgan – the UK’s eighth largest fund manager, employing 8000 people in the UK – is aiming to cut its cost base by 20%.
A JPMorgan spokeswoman said Kitts was considering posts both internally and externally and his decision was not related to the reported redundancies.
The UK arm of the business will now be headed by the head of institutional business for Europe, Asia and Japan, Mark White.
The spokeswoman explained: “The UK is a hub for the international consultancy business and Mark White is well-placed to deal with that market quite closely.”
JPMorgan Investor Services was dropped last month, along with the Bank of New York, from providing custody services to the £700m Torfaen County Borough Council Pension Fund.
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TPT Retirement Solutions has launched a pension scheme for the education sector which offers schools both defined contribution (DC) and defined benefit (DB) pension provision.
The People's Pension has revealed plans to overhaul its charging structure, cutting fees and returning profits to members with an aim to help people save more money for retirement.
Data consultancy ITM has appointed Akash Rooprai as head of client management to lead its de-risking business.