Effective immediately, the appointment sees Stanic join the firm’s London-based global equities team, working under JPMAM head of global equities, Howard Williams.
Stanic will be taking on the running of a range of as-yet-unspecified funds, though JPMAM did say that they will be growth-orientated strategies within the firm’s global equities capability.
The appointment comes nearly eight months after Stanic’s former employers River and Mercantile revealed that he was leaving his position at the helm of a trio of global equity mandates.
Stanic’s resignation came after a period of poor performance for the range, which included the Global Equity, Global Opportunities and Overseas Equity funds.
The Global Equity strategy was particularly affected, seeing its assets plunge from £124m down to just £500,000 in December 2014, and all three of the funds subsequently closed.
Bringing 20 years’ industry experience to the firm, Stanic arrives at JPMAM following a five-and-a-half year stint as River and Mercantile Asset Management’s head of global equities, prior to which he held portfolio manager berths at Newton Investment Management and Cazenove Capital Management.
The recruitment of Stanic comes as part of a busy September for the asset manager, with a series of appointments and a fund launch also announced earlier in the month.
