Paul Quinsee will succeed Martin Porter, who is retiring after 32 years at the $ 1.7 trillion asset manager, during the fourth quarter of 2016, according to a statement on August 2. Porter works in London but the position will be based in New York under the responsibility of Quinsee once the change takes effect.
Quinsee, who is chief investment officer for US equities, will oversee a team of over 400 investment professionals, reporting to Chris Willcox, the chief executive of JP Morgan’s global investment management division, which encompasses all of the bank’s investment business, except global wealth management. A spokeswoman for JP Morgan AM said Quinsee will still travel regularly to London.
University of Durham graduate Quinsee has nearly 25 years of experience working in JP Morgan Asset Management’s equities business, having joined the US asset manager in 1992. He joined its US equity team in 2001, and before that held portfolio manager and client portfolio manager roles in both London and New York in the global equity team.
Quinsee also spent five years as an equity manager with Citibank and two years with Schroders in London prior to joining JP Morgan Asset Management.
Industry veteran Porter joined JP Morgan Asset Management in 1984, having previously been the investment chief of Robert Fleming Investment Management. He was also a fund manager at Guardian Royal Exchange, which was acquired by Axa in 1999.
Willcox said: “Martin’s done an outstanding job leading our global equities teams for the past 13 years and he’s embodied the strong fiduciary culture that drives our firm. He’s been instrumental in creating a well integrated and industry-leading actively managed investment platform, and he’s deeply instilled a constant commitment to serving our clients and delivering strong investment performance.”
JP Morgan Asset Management said no investment strategies or portfolio management teams would be impacted by the change with Quinsee’s replacement to be announced “in due course”.
Correction: The story has been updated with extra information on Quinsee and Porter, and to clarify that Chris Willcox is chief executive of JP Morgan’s global investment management division, not JP Morgan Asset Management as stated in an earlier version.