Bryon E. Lake was promoted to global head of ETF solutions at J.P. Morgan Asset Management, effective Monday.
Mr. Lake, a managing director, assumes the role from Joanna Gallegos, managing director, who left the firm in July, said Kristen Chambers, a company spokeswoman, in an email.
Ms. Gallegos could not be reached for comment on her future plans.
Mr. Lake, who is based in New York, oversees global ETF investment and reports to Jedediah M. Laskowitz, managing director and global head of asset management solutions.
Mr. Lake manages the firm's global ETF business, including new product development, and is responsible for capital markets. He and the global ETF product development team will be aligned with the firm's global asset management product development "to ensure an efficient development process across all types of investment vehicles," a company statement said.
J.P. Morgan manages about $73 billion managed in 61 ETF strategies worldwide, according to the statement. Earlier this month, it announced plans to convert four mutual funds with nearly $10 billion in assets to ETFs in 2022.
Previously, Mr. Lake was the firm's Americas head of ETFs. His duties have been assumed by Houston-based managing director William S. Davis, ETF national sales manager for Americas client.
Mr. Davis was a division sales manager for J.P. Morgan Asset Management's U.S. funds independent broker-dealer channel, the statement said.
"Under Bryon's leadership, our U.S. ETF assets have increased 20% annually since 2019, making us the country's seventh-largest ETF provider and (the) fourth-largest active ETF manager," Mr. Laskowitz said in the statement.
He added that Mr. Lake "also has deep knowledge and familiarity with our global business and the broader industry landscape having spent seven years in London prior to his most recent role, including leading our international ETF business."
J.P. Morgan Asset Management had $2.99 trillion in assets under management as of June 30.
