New head of investment trust sales Mitchell joins in February and will report to head of investment trusts Simon Crinage. He will coordinate sales and investor relations activity for JPMAM’s range of trusts across private client, advisory and execution-only channels, running a team of four dedicated sales personnel and will also take a key role in any future investment trust launches.
Mitchell joins from Investec Bank where he was co-head of investment companies since 2012, prior to which he spent a decade at Invesco as head of listed funds sales. His whole career has been focused on the investment trust sector, beginning in 1993 in research and sales at Panmure Gordon and also holding positions at Deutsche Bank and Merrill Lynch.
Capper has taken over some of the duties previously assumed by Saunders Watson, who had naturally but informally acted in a marketing capacity since he joined JPMorgan in 2010, although his official role of client director was intended to act as a communication bridge between the trust boards and the wider JPMAM business, according to a spokesperson.
Until she was handed the new role of head of marketing for investment trusts in November 2013,Capper was heading the marketing efforts for JPMorgan’s multi-manager business JPM Adviser Solutions.
The group provides 23 closed-ended funds across all major equity markets and some debt strategies, with a combined £8bn of assets under management.
Crinage said: “As the largest manager of investment trusts both in terms of number and of assets under management, it is important that we also have a best-in-class sales and marketing presence. I am very pleased that Tim has decided to join us in this new role to spearhead our sales and investor relations effort, alongside our marketing team under Charly.
“Last year was our best ever in terms of fundraising, with two new trusts launched – JPMorgan Global Convertibles Income Fund and JPMorgan Senior Secured Loan Fund – and new shares issued by nine other trusts. With our new teams in place I am confident we can go on to even better things in the years ahead.”
