3rd Dec 2024 18:36
JPMorgan Asia Growth & Income PLC - investor in Asia-Pacific entities - Ayaz Ebrahim steps down as portfolio manager with immediate effect after 8 years. This follows his appointment as chief executive officer of JPMorgan Asset Management Singapore and South East Asia. The portfolio will continue to be managed by Robert Lloyd and Pauline Ng. Hong Kong-based Robert has been co-manager for 6 years, and Singapore-based Pauline is a highly experienced investor in Asian equities. The pair have worked with the firm for over 15 years.
Chair Richard Stagg said: "The Board would like to thank Ayaz for his significant contribution to the Company over the past eight years and wish him every success in his future endeavours.
"We have been impressed with the nascent partnership between Robert and Pauline and see it as hugely complementary given their locations and experience. The board believes that JPMorgan's significant resource throughout the region is a considerable advantage when it comes to identifying world-class Asian companies extensive presence across the region, representing a significant advantage in the process of identifying attractive investment opportunities in Asia."
Current stock price: 376.00 pence, closed flat at on Tuesday in London
12-month change: up 13.6%
By Christopher Ward, Alliance News reporter
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