J.P. Morgan & Co. announced on Friday that Christopher J. Durbin had been named chief investment strategist for institutional clients.

Mr. Durbin, 46, reported for work Thursday. He had been co-head of global investments and head of international fixed-income in London. His former co-head of global investments, Kenneth Anderson, takes full responsibility there. Hubert Penot succeeds him in the London fixed-income post.

Mr. Durbin succeeded Laurence R. Smith, who resigned last week as head of global asset allocation in Morgan's institutional investment area to join Credit Suisse Asset Management in New York, a Morgan spokeswoman said.

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