(Pictured: Peter Horn)

The former head of JP Morgan Asset Management in Australia, Peter Horn, has become an executive director of the Centre for Investor Education (CIE), paving the way for the eventual departure of the former owners, Jamie Nemtsas and Erling Sorensen.

Horn has more than 20 years experience in fund management in both Australia and Europe. Prior to running JP Morgan’s business here, which focused on selling the firm’s international strategies, he was head of equities, Europe, for Commonwealth Bank.

Horn also adopts the role of executive chairman ‘Institutional Investor’ for Asia Pacific, a part of the Institutional Investor Euromoney group, which bought a 75 per cent stake in CIE from Nemstas and Sorensen last year. The lucrative deal involved a three-year earn-out period and option for the listed UK company to buy the rest of the business.

CIE was founded by Melda Donnelly, who remains an advisor to the company and is a non-executive director of several funds management firms, including the listed Treasury Group.

Stephen Alcorn was announced in March as the new head of JP Morgan Asset Management in Australia. Horn started at CIE last month.