Bryon Lake, the Managing Director and Global Head of ETF Solutions at J.P. Morgan Asset Management (JPMAM), is set to depart the firm after a notable seven-year tenure, as confirmed by a company spokesperson.
Lake, who relocated to the U.S. in 2021 to take on his latest role, previously led JPMAM's international ETF business from London. “Bryon Lake has conveyed his decision to leave the organization, and we extend our best wishes for his future endeavors,” stated the spokesperson, who chose not to elaborate on the circumstances surrounding his departure.
JPMAM, a pivotal division of J.P. Morgan Chase, boasts a robust ETF portfolio with $169 billion in assets under management, spread across 98 products. The global ETF operations are currently under the stewardship of Jed Laskowitz, the Chief Investment Officer and Global Head of Asset Management Solutions.
According to Todd Rosenbluth, Head of Research at TMX VettaFi, JPMAM has ascended rapidly in the ETF industry rankings in recent years, primarily due to its strategic shift towards actively managed products. “They have successfully transitioned some of their top managers to the ETF arena, catering to advisors’ preferences for investment formats,” Rosenbluth remarked. He highlighted the firm's achievements in traditional active equity and fixed income spheres, as well as in covered call products.
As of the latest reporting on March 31, JPMAM reported managing total assets worth $3.2 trillion.
