JP Morgan Fleming Asset Management has appointed Richard Titherington as the head of its emerging markets equity business, with effect from April 1.

The internal promotion means Titherington will move into the role vacated by Peter Clark, who joined Schroder Investment Management as global head of emerging markets earlier this month. Titherington will lead a team of 90 people worldwide and have overall responsibility for the investment of $4bn (€4.5bn).