JP Morgan Asset Management has appointed Bryon Lake as head of International ETFs, a newly created role that will be based in London and see Lake responsible for pushing the manager’s international expansion in this area.
Michael Camacho, Global Head of Beta Strategies, JP MorganAM, said: “Our intention is to build a global beta strategies business with strategic, alternative, and ETF capabilities to serve the needs of clients globally. Having initially focused our efforts in the US, expansion internationally represents the next step.”
“As one of the industry’s most accomplished ETF executives, Bryon brings impressive leadership and momentum to the team. He will be instrumental in helping to shape our strategy including our product development, distribution agenda and strategic direction.”
Lake previously spent 12 years at Invesco Powershares, most recently as head of Invesco PowerShares EMEA.
“Investors are seeking new forms of asset allocation in order to generate returns. We’re focused on developing strong and diversified building blocks for client portfolios, whether they are active, strategic beta, alternative beta or more thematic indices. We are also poised to build on the operational and technological capabilities around beta strategies already in place for the US business to meet the needs of European and Asian investors,” Lake said.
Currently, JP Morgan AM’s US-based ETF business includes 11 products with some $1.4bn of AUM as of the end of February. The manager claims a top 10 position in the US market as measured by flows across strategic beta ETFs in 2016, the manager cites Bloomberg data.