JP Morgan Asset Management has named Gary Herbert as a managing director and U.S. head of global tactical asset allocation for its multi-asset solutions business. Previously, Herbert worked at Brandywine Global LLC where he was global head of credit and multisector strategies.
NEW YORK, March 12, 2020 /PRNewswire/ — J.P. Morgan Asset Management today announced it has hired Gary Herbert as a managing director and U.S. Head of Global Tactical Asset Allocation (GTAA) for its Multi-Asset Solutions business, which oversees $265 billion in AUM. Mr. Herbert joined from Brandywine Global LLC, where he was Global Head of Credit and Multisector strategies.
In this new role, Mr. Herbert will be responsible for the global tactical asset allocation investment process and will also serve as a key contributor to the broader Multi-Asset Solutions investment process in the US. He will report to Jed Laskowitz, Global Head of Asset Management Solutions..
“Given the complexity of today’s late cycle markets and increased client interest in tactical asset allocation, now is the right time to add Gary’s deep knowledge and credit expertise to our team, to help clients build stronger portfolios,” said Mr. Laskowitz. “Our GTAA business is a flagship part of our Multi-Asset Solutions business, and serves as the centerpiece of several strategic relationships across our institutional and sub-advisory client base.”
Mr. Herbert brings more than 25 years of research and investment experience spanning asset classes and geographies to the team. He joins J.P. Morgan from Brandywine Global LLC, where he led all credit-oriented strategies as Global Head of Credit and Multisector strategies. During his 10 years at Brandywine, he helped build and implement proprietary research processes to improve macroeconomic, fundamental and quantitative research and decision-making. His industry experience also includes portfolio management roles at Guggenheim Partners, Dreman Value Management and Morgan Stanley Investment Management.
About J.P. Morgan Asset Management
J.P. Morgan Asset Management, with assets under management of $2.0 trillion (as of December 31, 2019), 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. JPMorgan Chase & Co. (NYSE: JPM), the parent company of J.P. Morgan Asset Management, is a leading global asset management firm with assets of approximately $2.7 trillion (as of December31, 2019) and operations worldwide. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.