JP Morgan makes key appointment
JP Morgan Asset Management has appointed a new Australian chief executive and country head of global investment management Australia.
The company announced this week that the head of sovereign and institutional, Asia Pacific ex-Japan, Rachel Farrell, had been appointed to the newly-created role and would be overseeing all of JPMAM's operations in Australia and would assume direct responsibility for both JPMAM's funds and institutional businesses in the country.
The announcement said that head of Australia institutional, Stephen Alcorn, and head of Australia funds, David Hallifax, would be reporting to Farrell.
She was expected to relocate to Australia early next year and over the coming months would work closely with the teams on the ground during the transition period.
Farrell's appointment was confirmed by JP Morgan Asset Management Asia Pacific chief executive, Michael Falcon who said the company believed there was a significant market opportunity for all its investment businesses in the Australian market.
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