John Donohue was named CEO of investment management Americas at J.P. Morgan Asset Management, effective Feb. 1, said an internal e-mail sent to employees by Chris Willcox, CEO of global investment management, and obtained by Pensions & Investments.
Mr. Donohue will replace Catherine Keating, who will leave JPMAM to become CEO of Commonfund on Feb. 1.
Mr. Donohue will oversee governance and control issues of the company's investment activities across the Americas. He will also coordinate all lines of communication across JPMAM's investment management business for the region and serve as the primary point person for local regulators. He will report to Mr. Willcox.
“During his 17 years with J.P. Morgan, John has worked across both product and distribution, giving him unique insights into the many facets of our businesses,” said Mr. Willcox in the e-mail.
Mr. Donohue is currently a managing director and head of global liquidity at JPMAM. He will retain those responsibilities after assuming his new position.
After Ms. Keating announced her decision to leave the firm last month, most industry observers believed that someone from within the firm would take over her role.
With $1.71 trillion in assets under management as of Sept. 30, JPMAM is the sixth-largest money manager in the world, according to the P&I/Towers Watson World 500.