J.P. Morgan Asset Management last week welcomed its latest member to the firm’s Multi-Asset Solutions business.
Geng Ngarmboonanant will join the division as a managing director specializing in global business and investment strategy and will report to Zachary Page, head of Multi-Asset Solutions for the Americas.
In his role, Ngarmboonanant will shape investment strategy through macroeconomic and policy research and will work with partners on designing investment solutions.
Ngarmboonanant joins J.P. Morgan from the U.S. Department of Treasury, where he served as deputy chief of staff to Secretary Janet L. Yellen. Ngarmboonanant worked on domestic and international economic policy issues with Secretary Yellen and the Treasury Department, including the response to the COVID-19 pandemic, U.S.-China economic relations, housing and insurance markets, and artificial intelligence (AI).
Jamie Kramer, chief investment officer and global head of Multi-Asset Solutions, says Ngarmboonanant’s appointment will help ease market tensions among the firm’s investors and clients.
“With the evolving global economic landscape, Geng’s expertise will be invaluable in helping our clients understand and navigate a period of heightened volatility and uncertainty,” said Kramer.
J.P. Morgan’s Multi-Asset Solutions division manages $440 billion in assets, with over 500 investment strategies across asset classes, geographies, and investment styles. The group includes in-house customized solutions and strategies including the J.P. Morgan Income Builder, J.P. Morgan Global Allocation and the J.P. Morgan SmartRetirement series of target-date funds (TDFs).
In a statement on his appointment, Ngarmboonanant says he looks forward to joining the firm during a time when clients look to financial professionals to deliver tailored and impactful market solutions.
“I’m thrilled to be joining a world-class team at J.P. Morgan that is dedicated to helping clients – from large pension plans to individual retail investors – achieve their financial goals,” he stated. “In today’s complex investing environment, it is essential to deliver investment solutions with a clear and incisive view of market, economic, and geopolitical forces that can have a significant impact on investment outcomes.”
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Amanda Umpierrez is the Managing Editor of 401(k) Specialist magazine. She is a financial services reporter with nearly a decade of experience and a passion for telling stories and reporting news. She is originally from Queens, New York, but now resides in Denver, Colorado.