JPMAM merges global and European equity teams; Malcolm Smith to head up new division

Former global head Howard Williams retiring

J. P. Morgan Asset Management has combined its global and European equities teams to create a 96-strong department called the international equity group, headed by Malcolm Smith, effective immediately.

The newly-formed division combines the existing global and European equity teams, which run a total of $120bn in client assets under management. Smith, formerly head of the European equity group, and an employee at JPMAM since 2014, will head up the group effectively immediately, while former head of global equities Howard Williams will be retiring later this year. Managers To Watch: JPMAM's Malcolm Smithon how solutions, not star managers, will drive the industry The firm said Smith's expanded role brings together teams across three distinct investment processes, all with a dedica...