JPM names new investment trust head

J.P. Morgan Asset Management has named Simon Crinage as the new head of its investment trust business, following the departure of David Barron earlier this year.

Crinage has worked at JPM for 28 years, spending the last 10 years as an investment trust client director at the firm. Crinage will be responsible for the group's range of 21 investment trusts which have £7bn under management, and will report to Jasper Berens, head of UK fund management at JPM. Crinage said he is hopeful the range of trusts will continue to gain traction in a trail-free post-RDR world. "The regulatory landscape changes caused by the implementation of RDR should also open up opportunities for the sector to reach the independent financial advice market, where it has ...