Gary Herbert was named managing director and U.S. head of global tactical asset allocation for J.P. Morgan Asset Management, spokeswoman Kristen Chambers confirmed.
The position is new. Mr. Herbert will be responsible for the GTAA investment process within the firm’s $265 billion multiasset solutions business. He will report to Jed Laskowitz, global head of asset management solutions.
Mr. Herbert was global head of credit and multisector strategies at Brandywine Global. A Brandywine spokesman confirmed that the firm has no plans to replace him.
J.P. Morgan Asset Management had $2 trillion in assets under management as of Dec. 31.