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PrintFeb 06, 2006
IMMEDIATE RELEASE
JPMorgan Asset Management Creates Infrastructure Investments Group
Mark Weisdorf Appointed to lead Infrastructure Investments Group
New York – February 6, 2006– JPMorgan Asset Management (“JPMAM”) today announced the creation of its Infrastructure Investments group (“the group”)*. Headquartered in New York, the group will be aligned with the Global Real Estate team and will report to Joe Azelby, global head, JPMorgan Asset Management real estate. Mark Weisdorf has been appointed as Global Chief Investment Officer (“CIO”) of the Infrastructure Investments group to develop and lead the implementation of infrastructure investment strategies.
The group has been established to provide institutional investors access to an emerging alternative-asset-class, which aims to deliver stable and predictable cash returns that grow in relation to inflation over the long-term.
“We are building a global infrastructure investments group which will have strong synergies with our global real estate platform. The creation of this group is the natural evolution of our growing global real estate business, and has been driven by continued demand by our clients for long-term assets and investment strategies which offer new and creative solutions for meeting investment objectives,” said Joe Azelby, global head, JPMorgan Asset Management real estate.
"Mark is an accomplished leader in the investment business with a recognized track record in institutional investing. He brings a wealth of experience in pension investment and management, in addition to his infrastructure background, to the helm of our Infrastructure Investments group,” Azelby added.
Mr. Weisdorf has previously served as Vice President-Private Market Investments for the Canada Pension Plan Investment Board, where he developed and implemented real estate, private equity and infrastructure investment strategies and shared responsibility for performance of the Board’s Can $91.7 billion portfolio.
Earlier, Mr. Weisdorf was Head of Investment Banking and Equity Capital Markets, and Deputy Chief Executive Officer HSBC Securities (Canada). He was also a Director and member of the Investment Committee of HSBC Capital (Canada), the merchant banking subsidiary of HSBC Bank Canada. More recently, Mr. Weisdorf founded and led Mark Weisdorf Associates, a consulting firm providing real estate, private equity and infrastructure strategic advisory services to institutional investors and investment management firms.
*Infrastructure Investments Group: investing in essential assets and services upon which the productivity of a community depends, such as the transportation of goods and people, water and energy.
About JPMorgan Asset Management:
JPMorgan Asset Management is a global asset management leader providing world-class investment solutions to institutions, individuals and financial intermediaries. The firm is responsible for more than $847 billion in assets under management, including over $50 billion in alternative asset classes, of which real estate represents in excess of $28 billion as of December 31, 2005. With a 35-year history of successful investing and a staff of more than 180 real estate professionals, JPMorgan Asset Management Real Estate identifies, analyzes, negotiates, acquires, develops, redevelops, renovates, operates, maintains, finances and sells commercial properties, on behalf of its clients.
For further information, please contact:
Jackie Meere
Media Relations
Telephone: 212-648 -1798
Email: jacqueline.meere@jpmorgan.com
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