(Full text of a statement. Contact details below.)
NEW YORK, June 16 PRNewswire-AsiaNet - JP Morgan Investment Management Inc. (NYSE: JPM) has announced the appointment of Veronique Weill, managing director, as head of global technology and operations for Morgan's $370 billion asset management business.
In her new capacity, Ms. Weill will add responsibility for the Americas and Asia Pacific regions while continuing to oversee the European region. She will report to Ramon de Oliveria, head of Morgan's Asset Management Services business.
"As a leader in the asset management business, Morgan is at the cutting edge of technological and operational innovation," said Mr. de Oliveria. "Veronique has been critical not only in forging our global technology strategy, but also in its implementation on both a regional and global scale. With her broad experience and excellent leadership skills, Veronique is the ideal candidate for this role."
Ms. Weill has been a leader in the implementation of many of Morgan's innovative technological undertakings, including the European portion of the groundbreaking service relationship announced last year with The Bank of New York. In that agreement, The Bank of New York was appointed to provide securities portfolio accounting and related operational services to the global institutional, private client, and mutual fund clients of Morgan's asset management services business. This agreement demonstrated Morgan's continued industry leadership by being the first major asset manager to move many of its non-proprietary operational services to an outside provider -- more than a year before any other major firm in the industry.
Ms. Weill also has been instrumental in other innovative projects such as the move to make the Internet a core business tool in Europe as well as implementing private banking initiatives through the recently created J.P. Morgan International Bank (JPMIB) which serves private clients across Europe and Asia.
Ms. Weill, 40, formerly headed up technology and operations for Asset Management Services in Europe. She has been with Morgan since 1985. Ms. Weill spent 12 years in Paris where she oversaw and implemented new operational models moving systems operations from the continent to J.P. Morgan's hub in London. Ms. Weill holds an MBA from the Institute of Political Science in Paris. Prior to joining Morgan, Ms. Weill spent two years as an auditor with Arthur Andersen.
J.P. Morgan is a global financial firm that has built an international reputation for excellence in serving the needs of corporations, governments, institutions and individuals. J.P. Morgan manages more than $370 billion in assets for defined benefit and defined contribution plans, proprietary mutual funds, third party mutual funds, and high net worth individuals.
SOURCE J.P. Morgan Investment Management Inc.
CONTACT: Chris Cosentino, 212-837-1200, or Gabrielle Gagliardo, 212-837-2340, both of J.P. Morgan Web site: http://www.jpmorgan.com