JP Morgan Asset Management has announced that it is to create a single, integrated European credit research team - covering both investment grade and high yield credits - which will be led by Peter Aspbury, the erstwhile head of high yield research at European Credit Management.

Prior to his appointment as head of European credit research for JP Morgan Asset Management, Aspbury had spent the past eight years with ECM. He is expected to join his new firm over the next few months, thereafter being based in London reporting to Lisa Coleman, global head of investment grade credit.

JP Morgan Asset Management also said that additional hires for both its London and New York-based research teams are planned in the near future.

As at end-June, JP Morgan Asset Management has $1.2 trillion in assets under management.