Barron’s departure from JPM after 18 years at the firm was announced in January, while Crinage has been with the company for 28 years, with 10 of those spent in the investment trust team.
Crinage will report to Jasper Berens, head of UK funds management at JPM Asset Management, and said he aims to take advantage of opportunities for the sector to broaden its appeal to advisers in what he terms a “new distribution era”.
“Our investment trusts have always been popular with both private investors and discretionary wealth management community. The regulatory landscape changes caused by the implementation of RDR should also open up opportunities for the sector to reach the independent financial advice market, where it has historically under-represented.”
JPM’s investment trust business represents an 8% share of the UK market with 21 closed-ended funds in the range.
