JPMorgan Asset Management has hired Karen Ward to replace the outgoing Stephanie Flanders, poaching the chair of Treasury's council of economic advisers.
Ms Ward will leave the government role following the Autumn Budget to take on the chief market strategist role for Europe and the UK at JPMAM. She replaces former BBC economics editor Ms Flanders who left the fund firm to return to journalism.
Ms Ward spent time advising the Bank of England's Monetary Policy Committee and working at HSBC prior to leading the council of economic advisers for the Chancellor of the Exchequer. In the latter role, she advised on both macroeconomic issues affecting the government's fiscal strategy and Brexit.
She will report to chief global strategist in the US David Kelly.
Mr Kelly said: "Ms Ward's work for the BoE and the Treasury has provided her with deep insights into the challenges of both Brexit and monetary policy normalisation. Her [time with HSBC] should prove invaluable in assessing prospects for European financial markets and investment opportunities."
