Michael Falcon’s Pru move a “big loss” for JP Morgan

JP Morgan Asset Management's Asia chief executive, Michael Falcon, is leaving to head the North American operations of Prudential, in a move seen as a coup for the UK insurance group. He will replace Barry Stowe, who will retire as chairman and CEO of Prudential’s North American business on December 31. After eight years at the $1.7 trillion US fund house, including three in his latest role, Falcon will take up the new post on January 7, 2019. Michael Falcon Returning to…