JP Morgan Asset Management has hired former River & Mercantile head of global equities Alex Stanic as portfolio manager.
Stanic will join the global equities team, reporting to Howard Williams.
He left River & Mercantile at the start of this year after a run of poor performance and outflows on his funds. He was running the Global Equity, Global Opportunities, Global High Income and Overseas Equity funds.
At JP Morgan he will work on the growth equities strategies.
Stanic says: “I am thrilled to be joining JP Morgan Asset Management and to be working alongside a well-established, experienced team of portfolio managers as we look to expand the suite of global equity strategies.”
Previously Stanic worked at Newton Investment Management, leaving in 2009 to join River & Mercantile.