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JPMorgan Indian Investment Trust PLC on Thursday said its portfolio manager, Raj Nair, plans to leave JPMorgan Asset Management after 24 years with the company.
JPMorgan Indian Investment is an investor in Indian companies.
The company explained that its portfolio is managed on a joint portfolio manager basis. Co-Manager Ayaz Ebrahim will continue in his current role managing the company's investments.
From September 30, Ebrahim will be joined as co-manager by Amit Mehta and Sandip Patodia.
Mehta joined JPMorgan in 2011. He is currently a portfolio manager responsible for Global Emerging Markets portfolios based in London.
Patodia joined JPMorgan this month. He is a country specialist responsible for India portfolios within the Emerging Markets and Asia Pacific Equities team. He also is based in London.
Prior to JPMorgan, Patodia worked at Prusik Investment Management LLP and Atlantis Investment Management Ltd.
‘The board would like to thank Raj for his long-standing contribution to the management of the company's portfolio and it looks forward to working with Ayaz, Amit, Sandip and the other members of the company's investment management team to seek to deliver strong long-term returns to shareholders,’ the company said.
Shares in JPMorgan Indian Investment were down 0.5% to 868.00 pence each in London on Thursday morning.
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