Karen Ward, currently chair of the Council of Economic Advisers for the Chancellor of the Exchequer, will join JPMAM shortly after the Autumn Budget, reporting to the firm’s US-based chief global strategist, David Kelly.
She replaces Stephanie Flanders who left JPMAM in June to lead a team of journalists and researchers for Bloomberg Economics.
At JPMAM Ward will head the Market Insights team across Europe. The team produces JP Morgan’s flagship Guide to the Markets which provides economic insight to clients.
In her previous role, Ward advised the Exchequer on macroeconomic issues including fiscal strategy and Brexit.
Before joining the Treasury, Ward was the chief European economist at HSBC Global Banking & Markets, responsible for a team analysing macroeconomic events across the eurozone and delivering thematic research.
Prior to this, she was an economic analyst at the Bank of England, where she provided supporting analysis for the Monetary Policy Committee.
Kelly said: “Karen brings a wealth of both private and public sector experience to her new role. Her work for the Bank of England and the Treasury has provided her with deep insights into the challenges of both Brexit and monetary policy normalisation in Britain, while her expertise in leading HSBC’s European economics team should prove invaluable to our clients in assessing prospects for European financial markets and investment opportunities.”
Ward added: “I'm delighted to be joining JP Morgan Asset Management and I look forward to helping provide clarity and insight to European investors on global investment challenges and opportunities.”