J.P. MORGAN AM’S NEW $120BN EQUITIES DIVISION – J.P. Morgan Asset Management have announced they are joining their Global and European equities teams, creating a division that manages $120bn worth of client assets. Leading the division is one of JP’s rising starts within wealth management, Malcolm Smith. Smith appeared in the Financial News list of 40 most promising asset management professionals in 2016, and also became BlackRock’s youngest-ever Managing Director in 2012. JPM AM reported at the end of the first quarter of 2017, that assets exceeded $1.8tn in global funds. Will the merger of both teams lead to headcount reduction or growth in this area? #SpartanInternational