LONDON - JPMorgan (NYSE:JPM) Asia Growth & Income PLC (JAGI), a London-listed investment trust, announced today that Ayaz Ebrahim has stepped down as Portfolio Manager, a position he has held for the past eight years. The company confirmed that Ebrahim's departure is effective immediately, aligning with his earlier appointment in the year as CEO for Singapore and South East Asia at JPMorgan Asset Management.
The trust's portfolio will continue to be co-managed by Robert Lloyd and Pauline Ng. Lloyd, who operates out of Hong Kong, has co-managed the portfolio for six years. Ng, based in Singapore, brings a wealth of experience, particularly in ASEAN equities. The duo has a combined experience of over 15 years within the team.
Sir Richard Stagg, Chairman of JAGI, expressed his gratitude to Ebrahim for his significant contributions over his tenure and extended well wishes for his new role. Stagg also noted the Board's confidence in the existing partnership between Lloyd and Ng, emphasizing the complementary nature of their experience and geographic positioning. He further remarked on the advantage JPMorgan's extensive regional resources provide in identifying premier investment opportunities in Asia.
The announcement reflects a strategic adjustment within the management structure of JAGI, as the trust continues to focus on its investment activities across the Asian markets. This management shift is part of the company's ongoing efforts to adapt to market changes and maintain a robust leadership team.
The information for this report is based on a press release statement from JPMorgan Asia Growth & Income PLC.
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