JP Morgan Asset Management appoints Bryon Lake Global Head of ETF Solutions
The global ETF market hit $ 9 trillion in July, its highest level yet and triple its level just five years ago. With expected market growth of up to 25% per year, there is a huge opportunity for asset managers who can be successful at both scale and scope.
To date, JP Morgan Asset Management has made huge strides, with over $ 73 billion in ETF assets under management globally and 61 offerings across all asset classes. In order to position the company for success globally and across client groups and asset classes, they announced the following changes to their ETF structure and leadership, effective immediately.
Bryon Lake, Head of ETFs for the Americas, will become Global Head of ETF Solutions, reporting to Jed Laskowitz, Global Head of Asset Management Solutions. Bryon will lead the global ETF asset management efforts in this newly expanded role, creating new products and managing the existing product line. He will also be responsible for capital markets, working closely with sales and marketing to improve business development. Additionally, Bryon and the ETF product development team will be closely aligned with the global asset management product development team to ensure an efficient development process for all types of investment vehicles.
Bryon will serve as a key public figure for JP Morgan’s ETF business globally, driving business growth and awareness and representing their company to clients, media and industry.
âUnder Bryon’s leadership, our US ETF assets have grown by 20% per year since 2019, making us the seventh ETF provider in the country and the fourth largest active ETF manager,â said Jed Laskowitz, Global Head of Asset Management Solutions. âOur US platform now has over 13 ETFs, including JPST’s largest active fixed income ETF and one of JEPI’s fastest growing active equity ETFs. His deep experience in organizing in direct contact with the client will inform his contributions to the overall business strategy going forward. “
Bryon also has extensive knowledge and familiarity with JP Morgan’s global business and the broader industry landscape, having spent seven years in London prior to his most recent role, including heading our international ETF business.
Will Davis will take on the client leadership responsibilities for Bryon, a Division Sales Director for the US Funds IBD Channel, who will assume the role of ETF Domestic Sales Director for Client Americas, reporting to Steve Lundquist, responsible for American funds.
Max Cann, Head of Institutional ETFs, who has been driving the growth of our Institutional ETF business over the past three years, will now report to Keith Cahill, Head of North American Institutions, and join the Institutional Leadership Team at North America. This is an important strategic step in bringing ETFs to more institutional investors.
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