JP Morgan Asset Management is building out its ETF team with two new hires as it makes an international push.
John Adu will become UK head of ETF distribution while Tom Stephens becomes head of JP Morgan ETF international capital markets.
JPMAM swiped Adu from Deutsche Bank, where he was was responsible for cross-asset distribution of alternative, active and passive strategies to UK clients. He previously helped to build their UK/Ireland client base and smart beta product range across all client segments.
Both Adu and Stephens will report to Byron Lake, who was appointed head of international ETFs in March.
Lake says the pair will help accelerate JPMAM’s international ETFs expansion.
“Both are highly regarded by the broader investment community and bring a wealth of ETF experience,” Lake says.
JPMAM nabbed Lake from Invesco PowerShares to drive the company’s passive expansion in geographies beyond the US.
Stephens joins from nine years Societe Generale, where he was head of ETF execution sales in Europe. Previously he worked at iShares, focussing on primary and secondary market ETF liquidity.
At JPMAM, Stephens will have oversight on driving its capital markets strategy, strengthening relationships with market makers and authorised participants, and collaborating with distribution teams for client support.