JP Morgan Asset Management has assigned Citywire + rated Amit Mehta as a back-up manager across several emerging market funds following a senior change within the team.
Mehta assumes the post to bolster operations in the asset management giant’s London office in the wake of Richard Titherington, CIO for emerging markets and Asia Pacific, relocating to Hong Kong.
Titherington is moving to the location to unite the group’s emerging markets and Pacific regional groups under his leadership. JPM said the move was designed to offer greater benefit to clients.
While the change will have no impact on his own portfolio management responsibilities, the company said it had sought to ensure there would be two portfolio managers operating on the strategies at all times.
Titherington currently runs the fund and the JPM Emerging Markets Dividend fund, which are both Ucits-compliant.
As of August 3, Mehta, who co-runs the JPM Emerging Markets Opportunities with Titherington currently and is also lead manager on the JPM Emerging Markets Small Cap funds, has taken on a support role on three of these funds.
He is named as back-up on the JPM Emerging Markets Dividend fund, the JPM Global Emerging Markets Income fund and the JP Morgan Global Emerging Markets Income Trust.
The JPM Emerging Markets Dividend fund and the JPM Global Emerging Markets Income funds are currently co-run by Omar Negyal, who has worked with Titherington across both funds since 2012.