Meg McClellan was named managing director and head of private credit at J.P. Morgan Asset Management.
It is a newly created position, said Sam Wallman, JPMAM spokesman. Ms. McClellan, whose new role is effective Jan. 1, will lead the money manager's efforts to expand its private credit offerings, for which the firm currently has over $10 billion in assets under management, according to a news release Thursday.
She will report to Anton Pil, managing partner for global alternatives at J.P. Morgan Asset Management.
Ms. McClellan is currently JPMAM's chief financial officer. A replacement has yet to be named, Mr. Wallman said.
J.P. Morgan Asset Management has $1.9 trillion in AUM, of which the money manager has $146 billion in alternative investments AUM.