Nick Gartside will join J.P. Morgan Asset Management next year as the international CIO of fixed income, the group's lead bond investor outside the US.
Gartside, who ran the £323.5m Schroder Strategic Bond fund, will work alongside J.P. Morgan's Bob Michele on the £46.4m JPM Strategic Bond vehicle.
Michele, who himself quit Schroders in 2008 to move to JPM, hired Gartside at the London-based asset manager eight years ago.
Gartside will run JPM's international fixed income business and another ex-Schroders manager Steve Lear will continue to oversee US operations, both reporting to Michele.
"We worked with Nick for a long time, he is a very talented and very bright fund manager. Our business is growing and we could use another very capable pair of hands," Michele says.
"He is coming into a very broad role. He will have some responsibility for portfolios and he will certainly work with me on Strategic Bond, as the two of us have done in the past.
"Since I moved back to the US from London over the summer there has been a need to have a single lead investor internationally."
Taking the time to look
More than half of people over the age of 55 see financial security as a top priority in retirement, yet a third allocate more time to buying a new car, research from Legal & General (L&G) has found.
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