LONDON STOCK EXCHANGE
ANNOUNCEMENT
Legal Entity Identifier:
54930049CEWDI46Y3U28
JPMORGAN
EUROPEAN DISCOVERY TRUST PLC
Portfolio
Manager Changes
JPMorgan European Discovery Trust
plc (the "Company" or "JEDT"), the FTSE 250 investment trust
investing in a diversified portfolio of high-quality smaller
companies in Continental Europe, today announces that Jon Ingram,
Jack Featherby and Jules Bloch will be appointed as named Portfolio
Managers with effect from 1 March 2024, replacing Francesco Conte
and Edward Greaves.
This follows an internal review of
the portfolio management team and its investment process led by the
JEDT Board of Directors (the "Board") and J.P. Morgan Asset
Management ("JPMAM"). Jon Ingram is a highly experienced investor,
with 24 years' experience with JPMAM, and a strong record of
outperformance. The existing strategies on which Jon is a named
portfolio manager have outperformed their
respective benchmark for each of the 3, 5 and (where available)
10-year periods, and overall since inception¹.
The Chairman of JEDT, Marc van
Gelder, commented:
"The Board would like to thank
Francesco and Edward for their long-standing contribution to the
management of the Company's portfolio.
The Board is delighted to welcome
Jon, Jack and Jules as named managers of the Company portfolio.
With Jon's extensive experience, strong long-term outperformance
record and the team's collective 37 years of experience on the J.P.
Morgan Asset Management investment platform, we are confident the
Company is well positioned to take advantage of the exciting growth
potential of the dynamic and often overlooked European small-cap
market.
The Board looks forward to working with the investment team to
deliver the strong long-term returns our
shareholders expect."
Portfolio Manager
Biographies
Jon Ingram, Managing Director, is
Head of the Unconstrained team within the JPMAM's International
Equity Group, based in London. The Unconstrained team includes
JPMAM's UK and European mid and small cap specialist investors. An
employee since 2000, Jon joined the firm as a graduate trainee
having obtained an M.Eng in Metallurgy and Science of Materials
from the University of Oxford and is a CFA
charterholder.
Jack Featherby, Executive
Director, is a portfolio manager in JPMAM's European small cap
specialist investment team and currently manages a number of
European small cap mandates, both in fund structures and in
segregated mandates. An employee since 2018, Jack previously held
merger and acquisitions advisory roles with Rothschild and Wells
Fargo. Jack holds an M.Eng in Materials, Economics and Management
from the University of Oxford. Jack is a CFA
charterholder.
Jules Bloch, Vice President, is a
portfolio manager in JPMAM's European small cap specialist
investment team and currently manages a number of European small
cap mandates, both in fund structures and in segregated mandates.
An employee since 2017, Jules was previously an investor analyst
within J.P.Morgan Private Bank. He holds a Master's in Management
from the EDHEC Business School and Diploma in Accounting and
Finance from the London School of Economics and Political Science.
Jules is a CFA charterholder.
27 February 2024
For further information, please
contact:
JPMorgan European Discovery Trust
plc
Marc van Gelder
|
Contact via the Company
Secretary
|
JPMorgan Funds Limited - Company
Secretary
Priyanka Vijay Anand
|
+44 (0) 20 7742 4000
|
Cavendish Securities plc
Will Talkington (Corporate
Finance)
Andrew Worne (Corporate
Broking)
|
+44 (0) 20 7397 8900
|
|
|
¹ Gross of
fees, as at 31 January 2024. Source JPMAM.