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.

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