After 13 years with the company, J.P. Morgan Asset Management's Asia fixed income head, Stephen Chang, has left the firm.
He will be replaced by Shaw Yann Ho who was most recently the head of Asian credit.
A company spokesperson told Citywire Asia that Ho is well positioned for this role, having managed JPMAM’s Asia credit portfolios.
In addition, Ho has also led its team of Asia credit analysts, and worked alongside Chang in co-managing a number of strategies for the last seven years.
Ho is based in Hong Kong and reports to Pierre-Yves Bareau, chief investment officer for emerging markets debt at JPMAM in her new role, the company’s spokesperson said.
Following the departure of Chang, JPMAM also made some portfolio management changes, effective from February 26.
Ho and Jason Pang have taken over the portfolio management responsibilities for the JPMorgan Asia Total Return Bond Fund, replacing Chang.
Existing portfolio manager Jason Pang will continue to manage the JPMorgan China Bond fund. Ho replaced Chang as co-portfolio manager.
Arjun Vij too will continue to manage the JPMorgan Funds Global Bond fund. Jason Pang replaced Chang as co-portfolio manager.
Existing portfolio manager Ho will manage the JPMorgan SAR HK$ Bond fund. Selina Yu has replaced Chang as co-portfolio manager.
What's more, Yu has also replaced Chang as co-portfolio manager for the JPMorgan Asia Pacific Income fund. Jeffrey Roskell, Julie Ho and Ho are the portfolio managers.
J.P. Morgan said these changes will not impact the management of its portfolios or investment process across all its Asian fixed income strategies.