LONDON STOCK EXCHANGE
ANNOUNCEMENT
JPMORGAN AMERICAN INVESTMENT
TRUST PLC (the 'Company')
RETIREMENT OF VALUE PORTFOLIO
INVESTMENT MANAGER
Legal Entity Identifier: 549300QNAI4XRPEB4G65
On 20th March 2024, the Company
announced that it had been informed by its Manager, JPMorgan Funds
Limited (the 'Manager'), that Mr Jonathan Simon, one of the
Company's Large Cap Portfolio Managers, would retire in early 2025.
The Company has now been advised that Mr Simon's retirement will be
effective 3rd March 2025.
With effect from 4th
March, Graham Spence will join Jack Caffery as a co-Portfolio
Manager on the value stocks in the large cap portfolio, while
Felise Agranoff and Eric Ghernati will continue to work on the
growth stocks. There will be no changes to the Company's investment
process or investment objective as a result of these
changes.
Graham is a senior member of the U.S.
Equity Value team and is a co-portfolio manager on the JPMorgan
Value Advantage strategy within the U.S. Equity Group. Graham
joined the U.S. Equity Value team in 2013 as a dedicated research
analyst on Value Advantage.
Mr Simon, who joined the Manager in
1980, was appointed as a Portfolio Manager of the Company on 1st
June 2019 and was responsible for the value stocks in the Large Cap
Portfolio.
The Chairman of the Company, Robert
Talbut, commented:
"On behalf of the shareholders of
JPMorgan American Investment Trust plc, I extend our best wishes to
Jonathan for a happy and well-deserved retirement. The Company's
Portfolio Managers have delivered impressive returns for
shareholders, adeptly navigating the challenging market conditions
of recent years. Jonathan leaves the Company's Large Cap portfolio
in capable hands, with Felise and Jack continuing their
complementary growth and value investment approach to US
equities."
12th
February 2025
For
further information, please contact:
Simon Elliott
Priyanka Vijay Anand
JPMorgan Funds Limited - Manager & Company
Secretary
Telephone 0800 20 40 20
(or +44 1268 44 44 70)
