People Moves

JPMorgan Hands Over Leadership Of Japan Fund

Vanessa Doctor Asia Correspondent 8 October 2012

JPMorgan Hands Over Leadership Of Japan Fund

JPMorgan Asset Management has named a new head of its underperforming Japan fund just a week after its previous leader took the helm.

Nicholas Weindling replaces to Robert Lloyd, who assumed the role in the last week of September. Lloyd had taken over from David Mitchinson, who left to "pursue other opportunities." 

The fund has now been handed over to Weindling, who is based in Tokyo, after receiving permission to run the fund from the Japan office instead of Hong Kong. 

"We wanted to manage the fund out of Tokyo but it was a few days between David leaving and the new agreement being finalised, so we had to continue to run it out of Hong Kong for a few days. This meant [Lloyd] had to be the manager for a short while," said Mike Parsons, head of UK retail sales for JPMorgan Asset Management.

Lloyd's other responsibilities remain unchanged.

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