Canaccord Genuity Wealth Management in London, U.K. has named Michel Perera as its new chief investment officer (CIO).

Perera joins Canaccord from J.P. Morgan Private Bank, at which he spent 19 years and was chief investment strategist for Europe, the Middle East and Africa. As CIO at Canaccord in London, Perera will be responsible for the firm’s investment process, focusing on asset allocation and stock selection.

“Investment performance is right at the heart of everything we do for our clients. Michel’s appointment will bring fresh ideas, extensive industry experience and knowledge that will be invaluable to clients and our business as we spearhead a new growth trajectory,” says David Esfandi, CEO of Canaccord Genuity Wealth Management in the UK and Europe.

Perera succeeds Nigel Cuming as CIO, who will be retiring in May and continue as a consultant with the firm for the next two years in its Jersey office.