Michael Falcon was hired as managing director and head of retirement in the U.S. and Canada for J.P. Morgan Asset Management.
It is a new position; he will start in January and report to George Gatch, CEO of J.P. Morgan Investment Management Americas.
Mr. Falcon in an interview described his role as reviewing all aspects of J.P. Morgan's investment services from wealth management to banking to see how their retirement components can be enhanced. “Connecting the dots is a great way to describe it,” he said. “There are a lot of parts (within J.P. Morgan) where retirement is a big — if not the top — priority.”
Mr. Falcon is president at Samuel Bennett Inc., a New York financial media and consulting firm; he will be leaving the firm in December. From 2000 to 2008, he was a senior executive in Merrill Lynch's wealth management business, where he ran the retirement group providing service to individuals, corporations and financial advisers, the J.P. Morgan news release said.