In the news release, J.P. Morgan Expands Municipal Bond Team
with Hire of Wayne D. Godlin, issued
16-Feb-2018 by J.P. Morgan Asset
Management over PR Newswire, we are advised by the company that
information regarding Mr. Godlin's previous role has been updated
in the first and last paragraphs. The complete, corrected release
follows:
J.P. Morgan Expands Municipal Bond Team with Hire of Wayne D.
Godlin
NEW YORK, Feb. 16, 2018 /PRNewswire/ -- J.P. Morgan
Asset Management today announced the appointment of Wayne D. Godlin as Managing Director and Head of
High Yield Municipal Bond Strategies within the firm's Global Fixed
Income, Currency & Commodities Business, which manages over
$500 billion globally.
Based in New York and reporting
to Richard Taormina, Head of Tax
Aware Strategies, Mr. Godlin will be responsible for establishing a
high yield municipal bond platform, leveraging existing and new
client relationships to offer innovative investment strategies in
this asset class. With over $62
billion in municipal assets, 22 portfolio managers and 9
credit analysts, J.P. Morgan Asset Management is one of the largest
municipal managers in the industry. The firm manages
approximately 20% of all municipal separate accounts and is the
fourth largest manager of municipal insurance assets in the
industry1.
"The municipal bond market is undergoing a once-in-a-generation
change, and we are committed to providing our clients with access
to managed municipal bond portfolios that provide durable income
streams," said Mr. Taormina. "Wayne's expertise will allow us
to expand opportunities for municipal bond investors willing to
take risk. His investing style is a natural fit with J.P. Morgan's
existing approach, which focuses on delivering superior
risk-adjusted returns through active management of highly diverse
portfolios that leverage deep credit research."
Mr. Godlin's expertise includes both credit analysis and
portfolio management, with a focus on analyzing and managing high
yield municipal bond portfolios. Previous roles included Senior
Portfolio Manager and a member of the Investment Policy Committee
at AllianceBernstein Asset Management and portfolio management
and credit research at Morgan Stanley Investment Management and its
acquired firm, Van Kampen Funds. He is a graduate of
Union College and Columbia
University.
About J.P. Morgan Asset Management
J.P. Morgan Asset
Management, with assets under management of $1.7 trillion (as of December 31, 2017), 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 $2.5 trillion (as of December 31, 2017) and operations worldwide.
Information about JPMorgan Chase & Co. is available at
www.jpmorganchase.com.
1 The Insurance Investment Outsourcing Report,
May 2017, published jointly by Asset
Outsourcing Exchange and Insurance AUM.
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SOURCE J.P. Morgan Asset Management