JP Morgan Asset Management has appointed Charles McKenzie as head of client portfolio management for Europe, Middle East & Africa in the global fixed income team.
McKenzie joins from Aber-deen Asset Management where he was head of fixed income for Europe, Middle East & Africa. Prior to this he was responsible for UK fixed income at Deutsche Asset Management.
In his new role, McKenzie will be responsible for client management, product design and new business development for the region.
JPMAM has £536bn in glo- bal fixed-income and curr- ency assets. It has been looking to build on its fixed income offering in the past few years.
It poached Bob Michele, who is now chief investment officer of global fixed income, curr- ency and commodities from Schroders in 2008.
Former Schroders global head of fixed income Nick Gartside joined in September 2010 and now runs the £462m strategic bond fund alongside Michele.
Ex-Gartmore head of fixed income John Anderson was recruited in April 2011 and has taken on the management of the £115m sterling corporate bond.
Chelsea Financial Services managing director Darius McDermott says: “JPM has built up a strong team in the fixed income market in the past few years and is now one of the leading players in the sector.”