JPM

J.P. Morgan is proposing to alter the income mandate on its £96m European investment trust, in a move which would see it sell out of the UK and focus on continental Europe.

J.P. Morgan Asset Management's Austin Forey and his new co-manager Leon Eidelman are looking to add a mid-cap slant to their £1.1bn Emerging Markets fund to give performance a boost.

Andrew Sykes, head of business development for J.P. Morgan's Middle East and North African business, has left the firm.

2012 was a mixed year for markets, with developed market equities recovering from a summer sell-off to make marginal gains, while some segments of the property and bond markets outperformed.

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Shares in JPMorgan Chase slid even further today with a 8.5% drop in early trading on Wall Street, following a surprise $2bn derivatives trading loss.

J.P. Morgan's head of intermediary sales, Jasper Berens, has been appointed head of UK retail in a restructure of the group's retail arm.

Skandia Investment Group (SIG) has removed J.P. Morgan from its $350m Skandia Global Equity fund, handing the mandate to Five Oceans Asset Management.