NEW YORK, March 12, 2020 /PRNewswire/ -- J.P. Morgan
Asset Management today announced it has hired Gary Herbert as a managing director and U.S.
Head of Global Tactical Asset Allocation (GTAA) for its Multi-Asset
Solutions business, which oversees $265
billion in AUM. Mr. Herbert joined from Brandywine
Global LLC, where he was Global Head of Credit and Multisector
strategies.
In this new role, Mr. Herbert will be responsible for the
global tactical asset allocation investment process and will also
serve as a key contributor to the broader Multi-Asset Solutions
investment process in the US. He will report to Jed Laskowitz, Global Head of Asset Management
Solutions..
"Given the complexity of today's late cycle markets and
increased client interest in tactical asset allocation, now is the
right time to add Gary's deep knowledge and credit expertise to our
team, to help clients build stronger portfolios," said Mr.
Laskowitz. "Our GTAA business is a flagship part of our
Multi-Asset Solutions business, and serves as the centerpiece of
several strategic relationships across our institutional and
sub-advisory client base."
Mr. Herbert brings more than 25 years of research and
investment experience spanning asset classes and geographies to the
team. He joins J.P. Morgan from Brandywine Global LLC, where
he led all credit-oriented strategies as Global Head of Credit and
Multisector strategies. During his 10 years at Brandywine, he
helped build and implement proprietary research processes to
improve macroeconomic, fundamental and quantitative research and
decision-making. His industry experience also includes
portfolio management roles at Guggenheim Partners, Dreman Value
Management and Morgan Stanley Investment
Management.
About J.P. Morgan Asset Management
J.P. Morgan Asset Management, with assets under management of
$2.0 trillion (as of December 31, 2019), 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 $2.7 trillion (as of December31, 2019) and
operations worldwide. Information about JPMorgan Chase & Co. is
available at www.jpmorganchase.com.
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SOURCE JPMorgan Chase