JP Morgan Worldwide Securities Services in Australia has expanded its sales and relationship management teams under the recently promoted head of both departments, Bryan Gray.
David Edwards has joined JPMorgan as head of sales and will report directly to Gray. He joined from State Street and has over 20 years industry experience across broking, funds management, custody and administration functions. Enzo Cotroneo, head of investment analytics at WSS, has accepted an offer to move to the relationship management team, as team leader, also reporting to Gray. In his new role, Cotroneo will provide strategic direction and oversight of the superannuation fund client portfolio. The transfer to his new role will be effective May 1. As previously announced, JP Morgan is also expanding its private equity fund services unit from May 1 with the arrival from New York of Amy Newlan, reporting to Martin Archer, head of alternative investment services.
The rising popularity of private assets has made liquidity risk a growing concern for institutional investors, who need to carry enough liquidity for possible downturns, but avoid the opportunity cost of carrying too much, says Michelle Teng, vice president of the Institutional Advisory and Solutions group at PGIM.
Ben HurleyNovember 17, 2021
