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PrintNov 05, 2007
Rumi Masih Appointed Group Head of Strategic Investment Advisory Group; Bill McHugh named Chief Pension Strategist
New York, 5 November 2007: JPMorgan Asset Management (“JPMAM”) today announced that Rumi Masih has been appointed group head of the Strategic Investment Advisory Group (“SIAG”). SIAG serves as one of JPMAM’s primary centers for thought leadership in the areas of asset allocation, pension finance and risk management.
Masih joins from Goldman Sachs Asset Management (“GSAM”) Global Investment Strategies Group, where he focused on central banks and institutional clients, providing insights on investment and risk management, asset allocation, quantitative modeling, and capital markets. He has over 20 years’ experience both in asset management at GSAM and as global econometrician at Goldman Sachs’ Global Investment Research and Quantitative Strategy Group. He was also the international economist for the Emerging Markets Bond and Currency Research Group. Masih has a PhD in Finance and Econometrics from the University of Cambridge, and a Bachelor of Economics from the Australian National University in Economics and Mathematical Statistics.
With the passing of the PPA 2006 and the implications of FASB 158 on pension finance, Bill McHugh has been named JPMAM’s chief pension strategist. McHugh, who in 2007 introduced the ground breaking “corporate finance meets pension finance” framework and model to the institutional marketplace, has spent the last year educating some of the world’s leading corporations on the issues of corporate finance in pension management. As chief pension strategist, he will be dedicated to leading the firm’s vision and strategy around corporate finance in pension management and looking at retirement issues more generally, working closely with CFOs, treasurers and CIOs.
"Having spent parts of my career on both the sell and buy sides of the business, I feel very fortunate to have had the opportunity to experience the research demands, address investment problems and formulate solutions for a variety of global clients with very different investment objectives. With JPMAM's extensive depth of intellectual capital and core brand, SIAG is uniquely positioned to offer clients objective insights, through provocative yet ruthlessly practical research and solutions. I look forward to joining the JPMorgan team,” said Rumi Masih, group head, Strategic Investment Advisory Group, JPMorgan Asset Management.
“We are delighted to welcome Rumi to the Strategic Investment Advisory Group at JPMorgan Asset Management. He brings with him a wealth of talent and experience that will add tremendous value to the work we do with our clients around risk and investment,” said Susan Oh, Managing Director, Institutional Americas, JPMorgan Asset Management.
Oh continued: “The new challenges facing corporations since the creation of the PPA 2006 and as we observe the fuller implications of FASB 158, have been the hot topic of 2007. Creating the role of chief pension strategist demonstrates our commitment to CFOs, CIOs and treasurers in helping them face these challenges. Bill, who himself has been a CIO and treasurer and has over 30 years’ experience in the industry, will continue the great work he started in 2007.”
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About JPMorgan Asset Management:
The Strategic Investment Advisory Group partners with clients and firm wide market and product experts to develop objective, thoughtful solutions to the broad investment policy issues faced by corporate and public defined benefit pension plans, insurance companies, endowments and foundations. The global team is one of JPMorgan’s primary centers for thought leadership and advisory services for institutional clients in the areas of asset allocation, pension finance, and risk management.
With over $1 trillion as of September 30, 2007*, in global discretionary assets under management, JPMorgan Asset Management is one of the largest active asset managers in the world and one of the largest mutual fund companies in the United States, providing institutional, ultra high net worth and retail clients with outstanding investment products across all asset classes globally, including fixed income, equity, liquidity, real estate, private equity and hedge funds.
*Based on AUM for the Asset Management (JPMAM, PB, PCS) division of JPMorgan Chase & Co. as of September 30, 2007.
JPMorgan Asset Management is the marketing name for the asset management businesses of JPMorgan Chase & Co. Those businesses include J.P. Morgan Investment Management Inc. and its affiliates, including, without limitation, JPMorgan Investment Advisors Inc., Security Capital Research & Management Incorporated, and J.P. Morgan Alternative Asset Management, Inc.
jpmorgan.com/assetmanagement © 2007 JPMorgan Chase & Co.