J.P. MORGAN ASSET MANAGEMENT EXPANDS MUNICIPAL FIXED INCOME TEAM
Nov 10, 2010
New York, NY, November 10, 2010 – J.P. Asset Management today announced two new additions to the Tax Aware Fixed Income Group who will focus on expanding the firm’s municipal strategies capabilities.
Margaret Byrne and Priscilla Hancock have joined and will be responsible for product and strategy development and client relationship management. Margaret will be the senior relationship manager for our high net worth clients and Priscilla will be focused on further developing our municipal asset management business in all J.P. Morgan client channels.
“Margaret and Priscilla bring extensive municipal fixed income market knowledge and strong experience in formulating and implementing product and portfolio strategy. They will greatly enhance our strong client-focused service model,” said Gary Madich, CFA, and global chief investment officer of J.P. Morgan Asset Management in Columbus.
Ms. Hancock previously worked as a Managing Director in charge of strategy and market development and institutional client relationship management at premier financial services firms including Standard & Poor’s and Moody’s Analytics. Prior to that, she was a senior vice president in the municipal bond department at Lehman Brothers.
Ms. Byrne joins from Financial Security Assurance, where she served as Managing Director for Portfolio Management responsible for managing an insurance company portfolio and constructing, executing and articulating portfolio strategy. Prior to that, she was Vice President in municipal bond underwriting for Donaldson, Lufkin & Jenrette Securities Corp.
J.P. Morgan Asset Management has approximately $38 billion in long-term municipal assets as of September 30, 2010.
# # #
About J.P. Morgan Asset Management
J.P. Morgan Asset Management, with assets under supervision of approximately $1.8 trillion and assets under management of $1.3 trillion (as of 9/30/2010), is a global leader in investment management. J.P. Morgan Asset Management’s clients include institutions, retail investors and high-net worth individuals in every major market throughout the world. J.P. Morgan Asset Management offers global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity. JPMorgan Chase & Co. (NYSE: JPM), the parent company of J.P. Morgan Asset Management, is a leading global asset management firm with assets of approximately $2.1 trillion and operations in more than 60 countries. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
J.P. Morgan Asset Management is the marketing name for the asset management businesses of JPMorgan Chase & Co., and its affiliates worldwide.