JP Morgan AM building multi-asset unit in Asia
JP Morgan Asset Management has hired Anthony Ho from China Asset Management (Hong Kong) in a newly created role as it seeks to build out its multi-asset business in Asia.
Ho joined as managing director in its global multi-asset group based in Hong Kong last month. This move represents an extension of the multi-asset group into Asia, which until now has been covered by the global team from London.
“With the growth in Asian multi-asset portfolios, we felt it was the right time to add resources in the region,” Daniel Chui, the firm’s head of investor communications, tells AsianInvestor.
“In addition to [Ho] residing in Asia, we have Jonathan Lowe, who is a portfolio manager and heavily involved in our asset allocation strategy.”
The multi-asset group provides customised investment strategies to institutional and retail investors across asset classes, including equities, fixed income, convertibles, commodities, real estate and alternatives.
In total the group has about 100 investment professionals based in London, New York and Hong Kong overseeing more than $100 billion in AUM. It does not break out its Asia figures.
Reporting to Olivia Mayell, head of international client portfolio management for JP Morgan Asset Management based in London, Ho is now responsible for both portfolio management and developing new business with investors across Asia-Pacific.
He is running the group's regional expansion drive. “[Ho] represents the wide range of global multi-asset products to prospective and existing clients across the Asia-Pacific region," notes Chui.
Ho previously served as deputy chief executive officer for China AMC (Hong Kong) since 2009, having been brought in to bolster the QDII business of China’s largest asset manager by AUM.
There he was responsible for heading the research team both in Hong Kong and Beijing, and was tasked with raising its overseas investment and research capabilities to global standards. He quit in January this year, as reported.
Prior to that he worked at Fidelity for 15 years, all but one of which he spent in investment management, serving as institutional portfolio manager, research director and senior investment analyst in Hong Kong and London.