Chase Fleming Asset Management (CFAM) has appointed Martin Porter as its chief investment officer, succeeding Tony Robinson.
His appointment coincides with Chase Manhattan's $36bn (€34.8bn) bid for JP Morgan. If the bid is successful it will lead to the creation of an entity known as JP Morgan Chase & Company, with assets of around $660bn and shareholder's equity of around $36bn. It is not yet known if Porter is now set to become chief investment officer of the merged fund management divisions.