John Fraser will join J.P. Morgan Asset Management Global Real Assets in January as head of the firm’s new U.S. opportunistic real estate group, according to sources close to the firm.
The group’s deals and investment process will be separate from J.P. Morgan‘s existing U.S. real estate business. Mr. Fraser will report to Joe Azelby, head of global real assets.
Mr. Fraser, was managing director and co-head of Investcorp Real Estate. Kate Evans and Deborah Botwood Smith, Investcorp spokeswomen, could not be reached for comment.
Charlotte Powell, spokeswoman at J.P. Morgan, declined to comment.