Michael I. Falcon, the head of J.P. Morgan Asset Management’s Asia-Pacific funds business, has added the role of CEO of Asia Pacific, global investment management.
Mr. Falcon takes on that role from Jed Laskowitz, who moved to New York to serve full time as co-head of global investment management solutions, the firm’s multiasset investment business, a J.P. Morgan news release said Tuesday.
Mr. Laskowitz will continue to sit on the board of China International Fund Management, J.P. Morgan Asset Management’s joint venture in China, the news release said.
Mr. Falcon, for his new role, will report to global investment management CEO Chris Willcox. Mr. Falcon will continue to report to managing director and GIM clients head George Gatch for his funds business role.
In a telephone interview, Mr. Falcon said the growing sophistication of Asia’s market for intermediary distribution, the shift by retail investors to investment from savings, and moves by institutional investors to add overseas assets and uncorrelated investments all present strong opportunities for J.P. Morgan Asset Management.
As of June 30, J.P. Morgan Asset Management managed more than $140 billion for clients in the Asia-Pacific region.