The head of European equities at Schroders, Gary Clarke, has left the group and, according to media reports, is joining JP Morgan.

Clarke, who was lead manager of the Schroder ISF EURO Equity and Schroder ISF European Equity Alpha funds, joins JP Morgan Asset Management’s London-based global equities team as co-head of global thematic and retail portfolios, according to MoneyMarketing.

Meanwhile, at Schroders the equity team has been reshuffled accordingly, with Martin Skanberg becoming manager of Schroder ISF EURO Equity and Jamie Lowry becoming manager of Schroder ISF European Equity Alpha. Both Skanberg and Lowry have worked at Schroders since 2004.

The investment objectives of the two funds remain unchanged, Schroders said in a statement.