Asian fixed income head departs JPMAM after 13 years

Replaced by Shaw Yann Ho

Stephen Chang, head of Asian fixed income at JP Morgan Asset Management (JPMAM), has left the firm, leading Morningstar to downgrade its $3.3bn Asian Total Return fund.

Chang had worked at the firm for 13 years, having joined from Royal Bank of Scotland in 2004. He managed the Asian Total Return Bond fund from its inception and was also co-manager on the $13.4m China Bond and $2.8bn Asia Pacific Income funds.  JPMAM has appointed Shaw Yann Ho as his replacement, with Ho having worked alongside Chang for the last seven years.  JPMAM cuts charges on US Select fund Ho and Jason Pang will take over the fund management responsibilities for the Asian Total Return Bond fund and Ho will join existing manager Pang on the China Bond fund. Selina Yu has r...