J.P. Morgan Asset Management Strengthens Alternatives Business With Twin Hires

Jun 13 2017 | 10:52pm ET

J.P. Morgan Asset Management has hired private credit veterans Brad Demong and Leander Christofides as co-chief investment officers of a new global special situations group within its alternatives business. 

The two men were worked previously together in senior roles within J.P. Morgan’s corporate and investment bank, the company said in a statement, most recently managing leverage & distressed private side research and trading for EMEA. They both re-joined the firm effective June 13 after leaving in 2016, and will be based in New York and London, respectively. 

The team managed by Demong and Christofides will operate globally and will report into co-managing partners of J.P. Morgan Global Alternatives, Anton Pil and Chris Hayward, the statement continued. 

“This move represents an immediate, significant expansion of our existing private credit offering in our alternatives business,” said Pil. “As we continue to focus on the growth of our alternatives platform, we are committed to providing a broad range of differentiated solutions for our clients globally.”

J.P. Morgan Global Alternatives is the alternative investment arm of J.P. Morgan Asset Management. The company has more than $120 billion in assets under management as of December 31, 2016 deployed across real estate, private equity and credit, infrastructure, transportation, liquid alternatives, and hedge funds. 

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