J.P. Morgan Asset Management Hires New Global Head of Broker Relationship Management, Carissa Biggie

Rhea-AI Summary

J.P. Morgan Asset Management announced the appointment of Carissa Biggie as Managing Director and Global Head of Broker Relationship Management. Based in New York, she will report to Kristian West. With extensive experience from Prudential Financial and Goldman Sachs, Ms. Biggie will optimize broker relationships across asset classes to enhance investment management capabilities. This move aligns with J.P. Morgan's focus on maximizing returns for clients, leveraging its strengths in various financial services, including asset management and investment banking.

Positive

• Appointment of Carissa Biggie expected to strengthen broker relationship management.
• Deep experience in managing broker relationships may enhance operational efficiencies.
• Optimizing broker partnerships aligns with the firm’s goal of maximizing client returns.

Negative

• None.

-Biggie joins J.P. Morgan from Prudential Financial-

NEW YORK, May 25, 2022 /PRNewswire/ -- J.P. Morgan Asset Management today announced that it has hired Carissa Biggie as Managing Director and Global Head of Broker Relationship Management Ms. Biggie will be based in New York and reports to Kristian West, Head of the firm's Investment Platform team, which is focused on building and managing best in class capabilities, maximizing return on investment and leveraging the scale of J.P. Morgan to deliver exceptional outcomes to clients.

In this new role, Ms. Biggie will develop and strengthen relationships and optimize partnerships with external counterparties, helping leverage the firm's strengths across its various asset classes, including equities, fixed income, liquidity, alternatives and solutions, taking a holistic view of how broker relationships are managed.

"Carissa's deep experience in this field means that she brings an expert eye for managing the complexities and synergies that are involved with broker relationships," said Kristian West, Head of Investment Platform for J.P. Morgan Asset Management.  "Optimizing these relationships delivers benefits for the firm as well as our clients, and we look forward to the value Carissa will add to our management team."

Ms. Biggie joins J.P. Morgan from Prudential Financial, where she covered top global financial institutions for the Enterprise Strategic Relationship Management team. Previously, she spent 16 years with Goldman Sachs Asset Management in a variety of roles, including as a global relationship manager overseeing all broker relationships in trading, financing and prime brokerage, and COO of Global Risk Management and Central Trading. Prior to that, she was a project manager for J.P. Morgan Asset Management's Alternatives business.

About J.P. Morgan Asset Management

J.P. Morgan Asset Management, with assets under management of $2.6 trillion (as of 3/31/2022), 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.

J.P. Morgan Asset Management is the marketing name for the asset management business of JPMorgan Chase & Co. and its affiliates worldwide.

JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America ("U.S."), with operations worldwide. JPMorgan Chase had $4.0 trillion in assets and $285.9 billion in stockholders' equity as of March 31, 2022. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S. and many of the world's most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com

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SOURCE J.P. Morgan Asset Management

FAQ

Who is Carissa Biggie and what will her role be at JPM?

Carissa Biggie has been appointed as Managing Director and Global Head of Broker Relationship Management at JPM, responsible for optimizing broker partnerships.

What is the expected impact of Carissa Biggie's appointment on JPM?

Her extensive experience is anticipated to enhance JPM's broker relationships and improve client investment outcomes.

When was the announcement made regarding Carissa Biggie's appointment?

The announcement was made on May 25, 2022.

What experience does Carissa Biggie bring to JPM?

She has prior experience from Prudential Financial and Goldman Sachs, focusing on relationship management in the financial sector.

What are the main responsibilities of the Global Head of Broker Relationship Management?

The role involves developing and strengthening relationships with external counterparties and optimizing partnerships across various asset classes.