J.P. Morgan Asset Management (JPMAM) has appointed Karen Ward as chief market strategist for UK and Europe, replacing Stephanie Flanders who left in June.
Ward is chair of the council of economic advisers for the Chancellor of the Exchequer, which involves advising on fiscal strategy and Brexit.
She will be based in London, reporting to US-based chief global strategist David Kelly, and will start shortly after the Autumn Budget later this year.
In her role, Ward will head up the Market Insights Team across Europe, which produces the firm's Guide to the Markets.
Prior to working for the Chancellor, she served as chief European economist at HSBC Global Banking & Markets and as an economic analyst at the Bank of England.
Kelly said: "Karen brings a wealth of both private and public sector experience to her new role. Her work for the Bank of England and the Treasury has provided her with deep insights into the challenges of both Brexit and monetary policy normalisation in Britain, while her expertise in leading HSBC's European economics team should prove invaluable to our clients in assessing prospects for European financial markets and investment opportunities."
Ward said: "I am delighted to be joining J.P. Morgan Asset Management and I look forward to helping provide clarity and insight to European investors on global investment challenges and opportunities."
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