JP Morgan Asset Management has appointed Andrew Larkin as head of the newly formed global strategic relationships management team in UK funds sales.
Larkin hires comes as part of an overhaul of its sales team into two separate groups in order to manage with the increasingly centralised fund selection processes in the industry.
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In his new role, Larkin will be reporting to Jasper Berens, head of UK funds and will focus on advisory and discretionary fund panelling, insurance and platforms and wealth managers.
Additionally, Jamie Farquhar will head up the fund panelling team and Nick Keem will be in charge of the wealth management division, reporting to Larkin.
As part of the restructure, Mike Parsons – formerly head of UK intermediary sales – will take over as head of a new field sales team, serving primary UK retail market channels at the local office level, reporting to Berens.
Furthermore, Alex Barry – who had been head of UK wholesale sales – will relocate to New York to take on a funds sales role looking after key strategic relationships. The firm also expects to hire a new head of the insurance and platforms team in due course.
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By GlobalDataPrior to joining JP Morgan, Larkin worked at Neptune Investment Management as head of strategic partnerships in UK. Prior to this, he served various senior roles at M&G, DWSD Investments and Lloyds TSB.
Berens said:"This restructuring of our sales teams around clearly defined client channels will enable us to enhance our service and coverage of our core intermediary and Investment Trusts businesses.
"The UK fund distribution and fund selection market has undergone significant change following the RDR. To meet those changes, this new organisation will better enable our sales teams to focus right across key client channels," he added.
