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PrintMay 23, 2007
IMMEDIATE RELEASE
New York – May 23, 2007– JPMorgan Asset Management today announced the appointment of John H. Hunt to Chief Executive Officer (“CEO”) of JPMorgan Asset Management’s Institutional business in the Americas. Mr. Hunt joins from Barclays Capital in New York where he was Managing Director, Financial Institutions Investment Banking, responsible for developing and managing key relationships with leading banks, insurance companies and speciality finance companies, with a focus on financing, risk management activities and structured products. His primary responsibility will be developing and leading the long-term vision and strategy for the institutional asset management business in the U.S. He will oversee investment product sales, marketing, consultant relations and client service. Mr. Hunt will report to Eve Guernsey, CEO, JPMorgan Asset Management, Americas and will join the Americas Executive Committee with immediate effect.
Mr. Hunt has served as Global Head of the Industry Strategies Group for Lehman Brothers, where he created and managed a business specializing in advising financial institutions on balance sheet management strategies arising out of changes in the regulatory, accounting, tax and legal environments. Previously he was Vice President and Head of the Bank Industry Resource Group for Goldman Sachs, providing specialized coverage of the bank and thrift industries for asset/liability management, portfolio restructuring, capital planning, balance sheet management and alternative investments. He has also held senior roles with Kidder Peabody and Savers Federal Savings & Loan Association where he was Treasurer during the deregulation of the banking industry in the 1980s. Mr. Hunt has also been active in asset management activities, with a focus on equity and debt securities, index options, private equity, limited partnerships and real estate.
“John’s twenty-seven year career and outstanding achievements in banking and finance will bring an unmatched level of entrepreneurship, insight and experience to our institutional investment management business, enhancing our leadership position at a time when pension finance has never been as innovative or exciting as it is now. John’s knowledge of and experience in corporate finance will strengthen our ability to execute our vision here at JPMorgan, as we lead the thinking on the increasing impact of corporate finance on the pension issues facing our clients today,” said Eve Guernsey, CEO, JPMorgan Asset Management, Americas.
About JPMorgan Asset Management
JPMorgan Asset Management is a leading global investment manager delivering financial expertise and solutions to corporations, governments, municipalities, endowments, foundations and individuals worldwide. With more than $1 trillion* in assets under management, our business provides a broad spectrum of U.S., international and global investment management products-- from equity, cash management, fixed income, real estate and asset allocation to alternative asset classes such as private equity and hedge funds. Through JPMorgan Retirement Plan Services, we offer administrative, investment and communication services for corporate retirement plans. Our global resources position us to deliver excellence in investment performance and the highest quality client service.
* As of December 31, 2006
For further information, please contact:
Jackie Meere
Media Relations
Telephone: 212-648 -1798
Email: jacqueline.meere@jpmorgan.com
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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., JPMorgan Investment Advisors Inc, JPMorgan High Yield Partners, LLC, Security Capital Research & Management Incorporated and J.P. Morgan Alternative Asset Management, Inc.