JP Morgan Asset Management has appointed Malcolm Smith as the new head of the client portfolio management team.

JP Morgan Asset Management has appointed Malcolm Smith as the new head of the client portfolio management team. The group includes both JP Morgan’s behavioural finance and research-driven European equity investment teams.

Smith will lead a team of eight client portfolio managers and investor specialists in London, and report to Michael Barakos, chief investment officer – Europe equities (behavioural finance process). Smith will be responsible for leading client relationship development and managing the communication of investment strategy, performance and market outlook to existing and potential clients.

Replacing previous CPM head Karsten Stroh, who is relocating to Frankfurt, Smith joins from BlackRock, where he was previously a managing director and product strategist in BlackRock’s fundamental equity business.

One of the largest firms of its kind, JP Morgan Asset Management had a total of $1.6 trillion of assets as at the end of March this year.