Jed Laskowitz and Michael O’Brien have been named co-heads of J.P. Morgan Asset Management’s global investment management solutions business, a spokesman for the firm said Friday.
The positions are new.
Global investment management solutions combines J.P. Morgan Asset Management’s $150 billion multiasset-class investment business with the firm’s advisory solutions and capital markets capabilities “to develop customized multiasset solutions for clients,” the spokesman said in an e-mail.
Mr. Laskowitz will retain his current role as Hong Kong-based CEO of the firm’s Asia-Pacific business, but will divide his time among Hong Kong, New York and London, the spokesman said.
However, oversight of the firm’s mutual fund business in the region, which had been part of Mr. Laskowitz’s broad responsibilities as CEO, will be taken on by Michael Falcon, managing director, who will relocate to Hong Kong from New York in the new role as head of J.P. Morgan Asset Management’s funds business in the region. The spokesman said there’s no information currently regarding a replacement for Mr. Falcon in his previous role as head of retirement.
Previously, Mr. O’Brien served as head of the firm’s global institutional client group. George Gatch, J.P. Morgan Asset Management’s managing director and head of global funds, will take on the global institutional client role as well, with the title of head of global investment management clients, the spokesman said.