JP Morgan Asset Management has appointed a new head of global liquidity sales for the Asia Pacific region after Travis Spence was promoted to lead the global strategic relationship group for Asia Pacific ex-Japan.

Paula Stibbe has been appointed as Spence's replacement and will take responsibility for sales and service of short-term fixed-income products and product development. JP Morgan Asset Management has more than $500 billion in short-term fixed-income assets under management and is the largest institutional money market fund provider in the world.