James Broderick replaced Mark White as head of the international institutional business of JPMorgan Fleming Asset Management in London. Mr. White, who had been with the firm for 28 years, left earlier this month to pursue other opportunities "which have not been finalized as yet," said Jacqueline Meere, media relations manager at JPMorgan Fleming. Mr. White's departure prompted the firm to reorganize its international operations, Ms. Meere said, combining the institutional business in Europe with the retail and mutual fund businesses Mr. Broderick previously headed. Mr. Broderick is now the single regional head of JPMorgan Fleming's European asset management business. Ms. Meere said Peter Schwicht will remain head of the firm's German business and head of institutional for continental Europe, and Peter Ball will continue to head the institutional business in the United Kingdom. Both will report to Mr. Broderick, she said.
Paul Boyne was hired by Bank of Ireland Asset Management as a director, said Anne Banks, senior vice president of international marketing. Mr. Boyne, based in Dublin, will focus on U.S. equities as part of a global equity team, she said. It is not a direct replacement; BIAM is rebuilding its investment team after the departures of some senior executives in September, Ms. Banks said. Mr. Boyne was a managing director with Morgan Stanley Investment Management in London, where he helped manage the global value equity portfolio. Morgan Stanley spokesman Chad Peterson said Mr. Boyne's responsibilities have been assumed by other members of the global value team.
Steve Boyle and Brett Rainey joined JPMorgan Investor Services as director of managed account operations and vice president of managed account operations, respectively, according to Judy Miller, a JPMorgan spokeswoman. Both are new positions. Mr. Boyle was director of operations for the managed account program at Bear Stearns, and Mr. Rainey helped establish the operations department for the managed account servicing team at MFS Investment Management. Michelle O'Brien, a spokeswoman for Bear Stearns, did not return a call seeking comment; John Reilly, a MFS spokesman, said Mr. Rainey has not been replaced yet.