J.P. Morgan Asset Management hired four to bolster its special situations and European ETF businesses.
Jon Bylin was named managing director, head of client strategy for J.P. Morgan Asset Management's global alternatives special situations business, confirmed spokesman Matthew Chisum.
The position is new. Mr. Bylin is responsible for building client partnerships and advising clients on distressed and event-driven private credit opportunities. He is based in New York and reports to Brad Demong, co-chief investment officer of global special situations.
Mr. Bylin was a managing director and partner at Carlyle Group's global credit and hedge fund division, responsible for leading the North American sales and marketing effort. It could not be learned if he was replaced; Carlyle Group spokeswoman Elizabeth Gill could not be immediately reached for comment.
Separately, Olivier Paquier was named head of continental Europe ETF distribution, a separate spokeswoman said. He is responsible for overseeing ETF distribution across Europe excluding the U.K.
Ivan Durdevic was named head of ETF distribution for Switzerland, and John Harrington was named head of beta and ETF products, focusing on products for beta strategies. They are all new positions.
Mr. Paquier joined from State Street Global Advisors, where he was head of SPDR ETF sales for France and southern Europe; Mr. Durdevic joined from Amundi, where he was deputy head of ETF and indexing sales; and Mr. Harrington previously worked at Deutsche Bank, where he was responsible for new product development.
Spokesmen for SSGA, Amundi and Deutsche could not be reached for comment on replacements.
"As ETF specialists, their in-depth understanding of the nuances of the ETF market will help us continue to build a best-in-class business, as we take additional steps toward building our ETF capabilities internationally to serve our clients," said Bryon Lake, JPMAM head of international ETFs, in a news release.
J.P. Morgan Asset Management had $2 trillion in assets under management as of Dec. 31. Its global alternatives business had $125 billion in AUM as of Sept. 30.