JP Morgan Asset Management (JPMAM) has appointed James Davidson as co-portfolio manager of its Global Equity Income Fund.

Davidson will work alongside Gerd Woort-Menker on the £86 million fund, which has returned 31% over the past three years compared with a 34% rise by the FTSE World index.

Davidson has joined JP Morgan from Bank of America Merrill Lynch where he served as head of global equity sales desk.

Prior to this, he spent five years as a US equity portfolio manager with Morgan Grenfell Asset Management.

Davidson started his career in Edinburgh on the US equities desk at Baillie Gifford.

Howard Williams, head of the global equities investment team at JP Morgan Asset Management, said: "Having him on the ground here in London will allow us to better leverage our significant research resource, will provide additional focus on our Global Equity Income funds, and will allow us to achieve a higher profile with clients."

Jasper Berens, managing director JPMAM, said: "Investors are starting to look more globally for their income returns, which has been proved most demonstrably by flows into our US and emerging markets income funds."