NEW YORK, Sept. 10 /PRNewswire/ -- J.P. Morgan Asset Management (NYSE: JPM) today announced its plans to pursue a significant build out of its Endowments & Foundations practice with the launch of a new Endowments & Foundations (E&F) Strategic Advisory Group. This group will specifically focus on the U.S. endowment and foundation market, which represents a $1 trillion opportunity, with a sophisticated client base that is rapidly growing at over $100 billion each year.
Monica Issar, who was most recently a senior investment specialist at J.P. Morgan Private Bank, will become Chief Investment Advisor for the newly created unit. Ms. Issar will work closely with regional Investment Management and Private Banking teams on client coverage, and will lead a team of experienced investment specialists to provide a combination of customized client advisory services and investment strategies, accessing the broad investment capabilities of J.P. Morgan across all asset classes.
Ms. Issar will be based in New York and report jointly to George Gatch, Chief Executive Officer of J.P. Morgan's Investment Management Americas division, and Phil Di Iorio, head of Products and Practices for J.P. Morgan Private Bank.
"We're thrilled to have Monica at the helm as we build upon the great work from our existing investment management and private banking E&F client groups," said George Gatch. "Monica's leadership and experience in this space will serve as a catalyst in expanding our endowment and foundation footprint across the United States."
Ms. Issar joined J.P. Morgan Investment Management in 1996 as an equity portfolio manager. She later moved to the firm's Private Bank in 2000 as a senior investment specialist working with public company CEOs, hedge fund managers and endowment and foundations.
About J.P. Morgan Asset Management
J.P. Morgan Asset Management, with assets under supervision of approximately $1.6 trillion and assets under management of $1.2 trillion (as of 6/30/10)(1), 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 asset management firm with assets of approximately $2.1 trillion and operations in more than 60 countries. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
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.
SOURCE J.P. Morgan Asset Management