Prema Basoor joined J.P. Morgan Asset Management in Melbourne on Monday as an executive director, institutional client advice, a spokeswoman for the firm confirmed.
She replaces Lauren Zusy in that role. Ms. Zusy joined AQR Capital Management earlier this year as a vice president, business development.
Ms. Basoor had been a director, institutional client business, at BlackRock. A BlackRock spokeswoman confirmed Ms. Basoor's departure but didn't provide further comment.
The J.P. Morgan spokeswoman said while Ms. Basoor is the only person with the title of executive director, institutional client adviser with the firm in Australia, earlier this year J.P. Morgan Asset Management consolidated its institutional and wholesale distribution teams. There are other executive directors on the combined distribution team, she said, reporting directly to Rachel Farrell, the CEO of the firm's Australian business.