Investment Manager Change

RNS Number : 1382Q

JPMorgan Indian Invest Trust PLC

17 June 2020

 

LONDON STOCK EXCHANGE ANNOUNCEMENT

JPMORGAN INDIAN Investment Trust plc

INVESTMENT MANAGER CHANGE

Legal Entity Identifier: 549300OHW8R1C2WBYK02

The Board has been informed that, after 26 years with JPMorgan and nearly 30 years working in finance, Rukhshad Shroff, the Company's joint portfolio manager, has decided to retire from asset management. He will leave J. P. Morgan Asset Management on 11th September 2020.

The Company's portfolio is managed on a joint investment manager basis. Rukhshad's co-manager, Rajendra Nair, will continue in his current role managing the Company's investments and the investment process for the Company's portfolio management will remain unchanged. With effect from 1st August 2020, Raj will be joined as co-manager by another highly experienced investment professional, Ayaz Ebrahim.

Ayaz, a managing director, is the co-head of the Asia Pacific Regional team within the Emerging Markets and Asia Pacific ('EMAP') equities team based in Hong Kong, with 30 years of experience in the industry, including more than 25 years as a portfolio manager. He also chairs the Asia Pacific Asset Allocation Committee and has been a portfolio manager of JPMorgan Asia Growth & Income plc since May 2016. Raj and Ayaz will continue to work closely with the team of 42 research analysts based around the world who have, on average, 14 years of experience.

The Board would like to thank Rukhshad for his long-standing contribution to the management of the Company's portfolio and it looks forward to working with Raj, Ayaz and the other members of the Company's investment management team to seek to deliver strong long-term returns to shareholders.

17th June 2020

JPMorgan Funds Limited

Company Secretary

For further information, please contact:

Jonathan Latter

JPMorgan Funds Limited, 020 7742 4000

 

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