GLOBAL - Paul Bateman, currently head of JPMorgan Fleming Asset Management for Europe, Asia and Japan, has been appointed as the firm's global chief executive officer, effective October.
He succeeds Ron Dewhurst, head of JPMorgan Fleming in the Americas since January 2001, who resigned in order to return with his family to their native Australia. He will remain a member of the investment management/private banking executive committee until year end.
Bateman will continue to report to Jes Staley, head of investment management & private banking at JPMorgan Chase.
Bateman was previously global head of Chase Fleming Asset Management following the merger between Chase Manhattan and Robert Fleming Holdings in August 2000. Prior to this he was executive chairman of Robert Fleming Asset Management from 1995, a director of Robert Fleming Holdings and chief executive of Save & Prosper Group, a Fleming subsidiary, from 1988, and has been with the firm since 1967.
Commenting on his new role he said: “I am extremely excited about the opportunity of bringing the US and international regions of JPMorgan Fleming closer together. We are already one of the world’s Top 5 asset managers with leadership positions in our key regions, but this move will enable us to further leverage our in-depth knowledge of all local markets.”
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