JP Morgan Asset Management has named Claude Kurzo as the new country head for Switzerland, replacing Patrick Beuret who has decided to leave the firm.

Based in Zurich, Kurzo will now be responsible for developing the firm’s fund operations in Switzerland and developing client relationships.

At the same time, he will also be responsible for evaluating business opportunities in the Middle East and Africa for the firm’s funds business.

In the new role, he will report to the firm’s head of EMEA funds Massimo Greco.

Prior to the new role, Kurzo served as the firm’s global head of strategy and business transformation, based in New York. He also had a seat in the global asset management operating committee.

He joined JP Morgan in 2012 and previously also served at McKinsey and Company in Zurich.

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“Switzerland is a strategically important market for us and we continue to invest in deepening and expanding our presence. Claude’s appointment underscores the caliber of global talent and leadership that we’re dedicating to further enhancing our local client service”, Greco said.