(March 9, 2012) — One of the leading figures at JP Morgan Asset Management outside the United States is to leave the company, aiCIO has learned.
Jamie Broderick, Head of Europe for the US fund manager, is leaving the company at the end of this year, JP Morgan confirmed.
Broderick joined the company in 1993 and led the development of the firm’s European mutual fund business before being appointed as the overall head of the European business, encompassing both the retail and the institutional businesses.
Broderick had spearheaded the US fund manager’s expansion into Europe – during his tenure, the company built up significant market share and poached an impressive line-up of fund managers and business development professionals.
At the end of December, client assets in Europe, the Middle East and Africa were $278 billion, a 1% increase on the year earlier, according to the company’s fourth quarter report. At that time, the EMEA region made up around 20% of JP Morgan’s $1.3 trillion in assets under management.
It is unclear what Broderick’s move will be or who will be taking over the role.
Prior to joining JP Morgan, Broderick was the director of the Client Marketing Services Group at Wellington Management Company in Boston.