NETHERLANDS - JP Morgan Asset Management (JPMAM) has appointed Ronald Nagel as head of institutional sales in the Netherlands as of 1 July.

Nagel, 52, will be responsible for increasing JPMAM's institutional presence in the Netherlands and lead a two-strong team of client advisers.

He joined from investment firm AllianceBernstein, where he has been managing director for Benelux institutions.

Nagel has previously held positions at Vanguard Investments Europe and ABN AMRO Asset Management.

He has also served as head of investments at the €6bn pension fund for the housing corporations ASW.

Commenting on his appointment, Nagel said: "There are extensive investment opportunities now available to investors, and [JPMAM's] growing specialism in areas such as a real estate assets and fixed income, along with advisory solutions, means this is an exciting place to be."

Nagel will take over client relations from Brian Strange, who will be retiring in 2012, after serving Dutch institutional clients for seven years.

Strange has worked in financial services for more than 35 years, the last 12 of which have been at JPMAM.

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