View more on these topics

JP Morgan UK sales head exits

Parsons-Mike-JP Morgan 700x450.jpg

JP Morgan Asset Management head of UK funds field sales Mike Parsons is leaving the asset manager after almost 10 years.

Parsons has been with the firm since 2007. He was head of UK intermediary sales until the end of 2013 when he was put in charge of a newly created team of stockbrokers, wealth managers and advisers across three sales teams.

JP Morgan Asset Management declined to comment on his departure, but a spokesperson confirmed that Parsons is leaving the company. 

Parsons will not be directly replaced and a new hire for a new role will be announced in due course, says the spokesperson. 

JP Morgan Asset Management UK funds head Jasper Berens restructured the UK sales team in 2013. The restructure was intended to focus on the manager’s income offerings and take advantage of the Budget’s pension reforms.

Parsons said at the time: “Some firms are looking to outsource all or the majority of their investments so you need a team and a proposition for this. Other firms, which may have been more of a generalist IFA, are now moving to a wealth manager style of business.

“We decided we had to specialise our sales team to provide a more targeted level of service to each of these market segments.”

Recommended

China-Asia-Street-Busy-700x450.jpg

‘Bad days coming’ as China market slumps 7%

Chinese markets fell 7 per cent today triggering the temporary suspension of trading and this will not be a stand alone episode, experts warn. Today the Chinese blue-chip CSI 300 index ended down 7 per cent, while the Shanghai Composite Index lost 6.9 per cent following a series of new negative economic data. The losses are being […]

8

State pension campaigners secure Westminster debate

Increases to womens’ state pension age will be debated in the House of Commons later this week after a petition attracted more than 100,000 signatures. The debate will focus on communication of the changes, which has seen the state pension age of women increase from 60 to 66 following successive acts of Parliament in 1995 and […]

Retirement fund - thumbnail

What price (more) freedoms?

George Osborne will make his last Budget speech of the current parliamentary term this week, and the early media briefings suggest that pensions will again feature heavily in that statement. So what are we able to learn from the weekend’s coverage?

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment