JP Morgan Asset Management has continued to step up its bid to manage more insurance money by adding an investment-grade credit manager to its London team – a new role – a month after naming a new head of insurance solutions for Europe, the Middle East and Africa.

The $1.7 trillion US fund manager confirmed in an August 1 statement that Bryan Wallace, a European and global investment-grade credit portfolio manager, has switched to a senior portfolio manager in its fixed income insurance solutions team.