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JPM global bond CIO Nick Gartside exits

Iain Stealey promoted to fill the role of international CIO of global bonds following Gartside's departure.

JPM global bond CIO Nick Gartside exits

Global fixed income veteran Nick Gartside has resigned from JP Morgan Asset Management, according to a filing with the Securities and Exchange Commission.

The Citywire + rated manager (pictured) joined the firm from Schroders in 2010 and was international chief investment officer of global fixed income, currency and commodities group.

A spokeswoman for JP Morgan confirmed Gartside's exit and said the firm had named Iain Stealey as his replacement in the CIO role. 

As a result of his departure Gartside has been removed from the £2 billion JPMorgan Global Bond Opportunities and the £1 billion JPMorgan Unconstrained Debt funds.

Both funds will continue to be run by co-managers Stealey and Robert Michele, following Gartside's departure. 

The largest of these funds, the JPMorgan Global Bond Opportunities fund, is ranked third out of 43 Global Income funds tracked by Citywire for three-year total returns to the end of November, 2018. During that time the fund was up 12.4%, compared to the sector average, which was up 7.4%, and the Bloomberg Barclays Multiverse TR USD Unhedged index’s 7.7%.

Gartside, who has over 20 years investment experience, is listed on seven other funds, available to investors outside of the US, according to Morningstar. 

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