J.P. Morgan Asset Management today announced that Joanna Gallegos has been named Head of its U.S. ETF business, reporting to Mike Camacho, Global Head of Beta Strategies.
Ms. Gallegos has been instrumental in the firm's U.S. fund launches, which have included 13 product launches with over $1 billion in assets under management. She joined the firm in 2013 as Head of ETF Product Development, having previously worked at BlackRock iShares for 14 years, where she held a number of leadership positions, including Managing Director in the Strategic Product Initiatives Group.
"We have made great strides in our ETF business over the past few years, receiving industry recognition for our innovative product lineup," said Mr. Camacho. "As we enter the next phase of growth in our ETF platform, we are thrilled to have someone with Joanna's background and experience at the helm of our U.S. business."
Ms. Gallegos succeeds Bob Deutsch in this role, who announced his retirement earlier this year. She will also assume Mr. Deutsch's role as President of the U.S. ETF complex. Mr. Deutsch will continue in his role as Chairman of JPM's ETF Board.
J.P. Morgan Asset Management, with assets under management of $1.5 trillion (as of March 31, 2017), 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 financial services firm with assets of approximately $2.5 trillion (as of March 31, 2017) and operations in more than 60 countries.
J.P. Morgan Asset Management is the marketing name for the asset management businesses of JPMorgan Chase & Co. Those businesses include, but are not limited to, J.P. Morgan Investment Management Inc., Security Capital Research & Management Incorporated and J.P. Morgan Alternative Asset Management, Inc.