JP Morgan Asset Management (JPMAM) has made two senior appointments to support its push into the exchange traded fund (ETF) market.
John Adu has joins from Deutsche Bank, where he was responsible for cross- asset distribution of alternative, active and passive strategies to UK clients.
In his new capacity as UK head of ETF distribution, Adu will focus on building relationships with UK professional investors and delivering JPMAM’s ETF capabilities to clients.
Meanwhile Tom Stephens joins from Societe Generale Corporate and Investment Banking, where here he was head of ETF execution sales in Europe.
Stephens has been appointed head of JPMAM's ETF capital markets desk, where he will be responsible for leading the firm's capital markets group, with oversight on driving our capital markets strategy.
Adu and Stephens will be based in London and report into Bryon Lake, who joined the firm from Invesco Powershares as head of international ETFs in March this year.
Commenting on the new additions, Lake said: ‘As we take additional steps towards building our ETF capabilities internationally to serve our clients, we’re very pleased to have Tom and John on board with us.
‘Both are highly regarded by the broader investment community and bring a wealth of ETF experience. Their combined expertise will help to accelerate our International ETFs expansion.’