Spence to continue global momentum
for active ETF business
NEW
YORK, Aug. 15, 2024 /PRNewswire/ -- J.P.
Morgan Asset Management ("The Firm") today announced the
appointment of Travis Spence as
Global Head of ETFs, effective immediately. In his new role, Spence
will lead the ETF Product Development, Capital Markets, and newly
formed ETF Insights teams, while continuing to head ETF
distribution in EMEA. Reporting to Jed
Laskowitz, CIO and Global Head of Asset Management Solutions
at J.P. Morgan Asset Management, Spence will leverage the firm's
active investment platforms and strong momentum to solidify J.P.
Morgan's leadership in active ETFs.
ETFs are revolutionizing the asset and wealth management
industry, with projections for double-digit growth, eclipsing
$35 trillion by 2035.1
Particularly exciting is the surge in active ETFs, which are
expected to grow at twice the rate of the overall ETF
industry.2 Over the past decade, J.P. Morgan Asset
Management's global ETF platform has expanded to nearly
$190 billion across more than 100
ETFs, positioning the firm as the second-largest in active ETF AUM
and eighth overall in ETF AUM.3
"The verdict is in, ETFs offer significant advantages versus
other vehicles because of their liquidity transformation
capabilities, ease of use, accessibility, tax efficiency, and
value. We are committed to revolutionizing the landscape by
providing the highest quality active ETFs in the industry," said
Jed Laskowitz. "Under Travis's
leadership, we are confident that our ETF franchise will continue
to innovate and help our clients achieve their goals."
Travis is a proven leader with a track record of success across
his 20-year career with J.P. Morgan Asset Management. As Head of
EMEA ETF distribution since 2023, he helped establish J.P. Morgan
as the leader in Active ETFs in Europe.4 Prior to that, Travis
served as the International Head of the Fixed Income Investment
Specialist team, responsible for insights, product development and
fixed income portfolios across EMEA and Asia. He also led J.P. Morgan Asset
Management's Global Liquidity Asia business and oversaw our largest
distribution relationships in the region. Spence will continue to
be based in London.
"I'm thrilled to be taking on this new, expanded role within the
organization," said Travis Spence.
"Our ETF franchise will continue to be anchored by our deep
fundamental and quantitative research, active management, and risk
management capabilities — supported by the deep expertise of our
ETF specialists, product development, capital markets and strong
client relationships across every region."
[1] Data according to Bloomberg as of June 14, 2024
[2] Data according to Morningstar as of July
31, 2024
[3] Data according to Bloomberg as of August
14, 2024
[4] Data according to Bloomberg, Factset and J.P. Morgan Asset
Management as of August 1, 2024
About J.P. Morgan Asset Management
J.P. Morgan Asset Management, with assets under management of
$3.3 trillion, as of June 30, 2024, 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. For
more information: www.jpmorganassetmanagement.com. J.P. Morgan
Asset Management is the marketing name for the asset management
businesses of JPMorgan Chase & Co. and its affiliates
worldwide.
JPMorgan Chase & Co. (NYSE: JPM) is a leading financial
services firm based in the United States
of America ""U.S""), with operations worldwide. JPMorgan
Chase had $4.1 trillion in assets and
$341 billion in stockholders' equity
as of June 30, 2024. The Firm is a
leader in investment banking, financial services for consumers and
small businesses, commercial banking, financial transaction
processing and asset management. Under the J.P. Morgan and Chase
brands, the Firm serves millions of customers in the U.S., and many
of the world's most prominent corporate, institutional and
government clients globally. Information about JPMorgan Chase &
Co. is available at www.jpmorganchase.com.
Important Information
This is a general communication being provided for informational
purposes only. It is educational in nature and not designed to be a
recommendation for any specific investment product, strategy, plan
feature or other purpose. Any examples used are generic,
hypothetical and for illustration purposes only. Prior to making
any investment or financial decisions, an investor should seek
individualized advice from personal financial, legal, tax and other
professionals that take into account all of the particular facts
and circumstances of an investor's own situation.
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SOURCE J.P. Morgan Asset Management