JP Morgan makes new addition to team  January 26th, 2012

JP Morgan Asset Management has announced it has expanded its team with the appointment of Neil Moge to the role of senior client advisor for UK and European Strategic Insurance Sales.

Mr Moge will be taking up his new role in London and will report to Philip Michaelsen, head of strategic insurance sales EMEA, with his position seeing him work with insurance clients and prospects across Europe.

In this capacity, he will help to build customised asset management solutions, with particular focus being placed on the impact of the forthcoming Solvency II.

Commenting on his move to the company from RSA Insurance, Mr Moge said: "The impact of Solvency II and challenges of a low yield environment are placing significant pressure on insurance companies to reassess all their processes, including investment management."

The news comes shortly after JP Morgan announced it was appointing John Stainsby to the position of head of UK institutional.