Bateman Succeeds Dewhurst as CEO of JPMorgan Fleming

Paul Bateman, currently head of JPMorgan Fleming Asset Management for Europe, Asia and Japan, has been appointed Chief Executive Officer of JPMorgan Fleming Asset Management worldwide. The appointment follows the personal decision of Ron Dewhurst, head of JPMorgan Fleming in the Americas, to return with his family to their native Australia. Bateman will continue to report to Jes Staley, Head of Investment Management & Private Banking at JPMorgan Chase. The change will become effective on October 1st, 2002. Dewhurst will remain a member of the Investment Management/Private Banking Executive Committee until year end. Bateman was previously global head of Chase Fleming Asset Management following the merger between Chase Manhattan and Robert Fleming Holdings in August 2000. Prior to this he was executive chairman of Robert Fleming Asset Management from 1995, a director of Robert Fleming Holdings and Chief Executive of Save & Prosper Group, a Fleming subsidiary, from 1988, and has been with the firm since 1967.


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