Kris Jonsson and Sandeep Bhamra were appointed client advisers in J.P. Morgan Asset Management's newly created endowments and foundations team for Europe, the Middle East and Africa, a spokeswoman said.
The positions are new and based in London.
The new group is an expansion of the manager's existing global endowments and foundations group. The spokeswoman said there were no plans to increase the EMEA team further, but that it would depend on client demand.
“Endowments and foundations can be very different from other institutional investors, and these new positions highlight the great range of strategies and solutions they require,” said Monica Issar, global head of endowments and foundations group at J.P. Morgan Asset Management, in a news release. “These investors tend to be first movers into new asset classes or opportunities, usually because their liabilities, risks and investment processes are different from other investors. In addition, their concerns are frequently different to those of pension funds or insurance companies.”
Mr. Jonsson was head of the EMEA endowments and foundations investor team at J.P. Morgan Private Bank. Mr. Bhamra was previously an executive director working in alternative asset class sales at J.P. Morgan Investor Services, said a source familiar with the situation. Further details were not available by press time. A spokesman for J.P. Morgan Investor Services declined to comment.