JPMAM appoints HNW distribution director

Aaron Russell has joined J.P. Morgan Asset Management in the newly-created role of executive director, high-net-worth (HNW) distribution in Australia and New Zealand.

He joins JPMAM from Perpetual Asset Management where he worked for over eight years, six of which were spent leading its wholesale business. 

In the new role, he will report to Mark Carlile, head of wholesale, Australia and New Zealand.

Carlile said he is delighted to have someone of Russell’s calibre in the firm’s HNW channel. 

“His deep expertise in HNW distribution will be instrumental for us to deliver the right solutions, tailored to the needs and goals of the HNW clients,” Carlile stated. 

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“We are committed to continuously investing in our people and growing our business. Building on the strong momentum we have established in the local market and leveraging our global capabilities and resources, we believe we have the right formula to offer clients our best-in-class solutions – and be the leading global active asset manager in Australia.”

Russell has over two decades of experience in the financial services and asset management distribution industry in Australia and the UK.

Prior to his time at Perpetual, he held the roles of national sales manager of private wealth at Nikko Asset Management for four years, business development manager at Vanguard Investments Australia for two years, and business development manager at MLC for over four years. 

A Perpetual spokesperson told Money Management that the title of wholesale business head no longer exists at the firm following the acquisition of Pendal in January 2023, which resulted in an organisational restructure.