Sorca Kelly-Scholte will join J.P. Morgan Asset Management as Europe, Middle East and Africa head of pension solutions and advisory, a spokeswoman said.
The position is new, and Ms. Kelly-Scholte will start later this month.
Ms. Kelly-Scholte will be responsible for advising European institutional investors and leading strategic, proprietary research and thought leadership initiatives on investment issues. She will manage a London-based team focused on pension funds and will also coordinate across JPMAM’s pan-European client distribution network, the spokeswoman said. The global pension solutions and advisory group is part of J.P. Morgan Asset Management’s global solutions business.
Ms. Kelly-Scholte is currently managing director, client strategy and research, EMEA, at Russell Investments. David Rae will take on those responsibilities as managing director, head of client strategy and research, covering EMEA in addition to his existing role as head of liability-driven investment.
In a statement e-mailed by a spokeswoman, Pascal Duval, EMEA CEO at Russell, said: “(Mr. Rae's) appointment will help us build on the investment insight and advice we offer our clients, helping them to create portfolios that are dynamic and as responsive to markets as they can be. (Mr. Rae’s) expansion of duties also points to the deep bench strength within Russell Investments.”
J.P. Morgan Asset Management also appointed Michael Bell as global market strategist for the market insights team in Europe, the Middle East and Africa.
Mr. Bell replaced Kerry Craig, who moved to Australia to lead the development of JPMAM’s market insights program there.
Mr. Bell reports to Stephanie Flanders, chief market strategist for Europe and the U.K. Mr. Bell was previously an investment strategist on the economics and asset allocation team at private bank C. Hoare & Co.