One of the key decision-makers in the Asia fund selection team at JP Morgan Private Bank, Adam Tejpaul, is set to relocate back to the US, AsianInvestor can confirm.
Tejpaul, who has worked at the bank in various capacities and geographies for 17 years, will become JP Morgan’s deputy chief risk officer based in New York.
He will be replaced by Chris Blum, who is currently serving as global head of equities within the bank’s wealth management business based in New York. It is understood the switch will happen in the second quarter of this year.
Both Tejpaul and Blum will continue to report to James Walker, global head of investments.
Based in Hong Kong, Tejpaul has worked as head of investments for Asia at JP Morgan Private Bank for the past seven years. He spoke in an AsianInvestor fund selector roundtable back in 2012 (see AsianInvestor’s December 2012 magazine edition).
He has led the firm’s team delivering portfolio management and advisory services for clients in Asia across equities, fixed income and alternative assets.
As such he is one of the key decision-makers in the team that selects which funds to put on the private bank’s platform. A JP Morgan spokesperson said that fund selection was managed by a broad group at the bank, but he was a key decision-maker in Asia.
Tejpaul has worked for the US bank since 1998. He was previously head of investors for its London business. Prior to that he was head of fixed income, currencies and commodities for Europe, the Middle East and Africa at JP Morgan Private Bank.
He started as a fixed income portfolio manager at JP Morgan Private Bank in the US based in New York. Blum started as an analyst for Pomona Capital, where he worked for two years until 2001.