UK - The pension fund of tobacco firm Gallaher has put an extra £50m (€72.8m) with JP Morgan Asset Management.
The provider said it has been appointed by Gallaher Pensions Ltd as manager for the UK equity brief. The fund already has £65m in continental European equities with JP Morgan.
The assets will be invested in JP Morgan's UK specialist equity product and managed on a segregated basis.
"We are delighted to have been given the opportunity to widen our existing relationship with Gallaher," said Peter Ball, the asset manager's head of UK institutional business.
Julian Rose, Gallaher's pensions manager, was quoted as saying: "We continue to be impressed by JPMAM's investment process, consistency of investment returns, and their products. We are very happy to expand our relationship."
JP Morgan AM has also named Sue Curtis as a client adviser in the UK institutional team. She reports to Ball and joins from the firm's securities services operation.