After leading JP Morgan's emerging-markets and Asia-Pacific, or EMAP, equities team for over 20 years, Richard Titherington will be stepping away from team management responsibilities in September 2021. Titherington will become vice chairman of asset management, continuing to manage portfolios and serving on the asset-management investment committee. He will also continue as a board member of China International Fund Management, or CIFM.
Anuj Arora will become head of EMAP. A member of the EMAP team for 15 years, Arora has led the global emerging-markets core portfolio team, managing $30 billion in client assets. He also led the quantitative research efforts for the whole of EMAP.
In addition, Howard Wang, head of Greater China equity, will join the recently formed China investment committee to help oversee JP Morgan's integration of CIFM. Pauline Ng, head of ASEAN, and Austin Forey, head of global emerging-markets fundamental, will co-chair the EMAP sustainability council with the objective of leveraging environmental, social, and governance intellectual capital and launching new outcome-oriented funds.
We do not expect any changes to the investment philosophy or processes of the EMAP platform as a result of this announcement, and there are no changes to the Morningstar Analyst Ratings of the team's strategies covered by our analysts.