JPMorgan Asset Management (JPMAM) has merged together its global and European equity divisions and appointed Malcolm Smith as head of its newly-formed international equity group.
The new division will combine the firm's existing global and European equity teams. This includes its 96 investment specialists which manage around $120bn (£92.6bn) in assets.
JPMAM said the new division would bring together teams across the two asset classes which run three different long-only investment processes.
Mr Smith will now take on the role moving up from his current position as head of the European equity group. He has been in the role for just 18 months, having joined JPMorgan in 2014. He previously worked for BlackRock.