JPMAM global fixed income CIO exits

J.P. Morgan Asset Management's international chief investment officer of the global fixed income, currency and commodities (GFICC) group has departed after nine years.

Nicholas Gartside was the co-manager of multi-sector fixed income products and served on the Currency Investment Policy Committee.

Head of global aggregate portfolio management Iain Stealey replaces Gartside as the international chief investment officer of GFICC at the start of 2019.

Gartside helped managed the JPMorgan Unconstrained Debt Fund and JPMorgan Global Bond Opportunities Fund.

Global chief investment officer and head of GFICC Robert Michele and Stealey will continue to co-manage the two funds.

In a statement the firm said: "Iain, who has been with JPMAM for more than 16 years, has been named on these funds since their inception alongside Robert Michele. There will be no changes to the existing investment processes."

"Bob and Iain will continue following the firm's team-oriented investment discipline, drawing on the global resources of JPMAM's fixed income platform with over 275 investors," it said.

Prior to joining J.P. Morgan Asset Management in 2010, Gartside was at Schroders Investment Management for eight years, initially as a euro government bond portfolio manager. In 2007, he moved to the global bond team as a global government bond portfolio manager and served as the head of global fixed income. He also worked at Mercury Asset Management/Merrill Lynch Investment Managers.

Stealey recently spoke to Financial Standard about how the GFICC group developed its own proprietary risk analysis tools specific to the JPMorgan Global Strategic Bond Fund.

These risk tools help understand how several elements (think sectors and factors) of the fund interact with one another, he said.

For example, the volatility tool not only identifies sources of volatility in fixed income, but plays out several scenarios including the impact on diversification and if market correlations increased, Stealey added.

Read more: J.P. Morgan Asset ManagementJPMAMRobert MicheleCurrency Investment Policy CommitteeIain StealeyJPMorgan Global Bond Opportunities FundJPMorgan Global Strategic Bond FundJPMorgan Unconstrained Debt FundNicholas Gartside
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