J.P. Morgan taps leaders for Japan, U.K. institutional businesses

Tomohiro Kamisaku was named head of J.P. Morgan Asset Management (JPM)'s Japan institutional business and Paul Farrell was named head of U.K. institutional clients, said Patrick Thomson, head of international institutional clients.

Mr. Kamisaku's position is new. Mr. Farrell will replace John Stainsby, who left the firm last year.

Mr. Kamisaku will manage the pension and financial institutional business in Japan, leading the teams to create and execute sales strategies, develop talent and maximize resources for institutional clients in Japan.

Mr. Kamisaku was previously at UBS Asset Management. A UBS spokesman could not be reached for comment by press time.

Mr. Farrell will join in April and report to Mr. Thomson. He will be responsible for leading the sales team that manages and builds client relationships with pension funds in the U.K. and Ireland, and for defined contribution business development.

Mr. Farrell was previously head of U.K. institutional clients at Dimensional Fund Advisors. A spokesman declined to comment.

“The overall pool of assets — if you combine sovereign wealth funds, central banks, government-related savings vehicles, with insurance companies and the defined benefit plan market internationally — are all going up,” Mr. Thomson said in a telephone interview. “We think there is a tremendous opportunity available to us (in institutional business), particularly if you are focused internationally.”

Mr. Farrell's appointment will also support JPMAM as it continues to build its institutional U.K. business, particularly defined contribution. “We have had a lot of success in the U.S. with our DC business. Whilst the U.K. is quite a different market, we do feel there is currently growth potential in DC, and it is very important to us; that will be a big focus for us,” Mr. Thomson said.

Separately, sources said Christoph von Reiche, head of Europe institutional business, and Simon Chinnery, head of U.K. defined contribution, will be leaving J.P. Morgan Asset Management. Further details could not be learned by press time. A spokeswoman for J.P. Morgan Asset Management declined to comment.

JPMAM has $1.7 trillion in assets under management.