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JP Morgan cements ties to London

Telegraph – JP Morgan Asset Management (JPMAM) is on the verge of appointing the former head of BlackRock’s European arm to run its global institutions franchise from London, in a further sign of the bank’s continued commitment to the UK.

The pending appointment of Mike O’Brien – who until June ran BlackRock’s institutional business for Europe, the Middle East and Africa – will cement the US bank’s position in the Square Mile, following months of speculation it could abandon some of its business in the UK over regulatory and tax changes.

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