JP Morgan Asset Management hires Steve Rubino as head of retirement

Mr. Rubino joins from Edelman Financial Engine to lead the firm’s retirement business

Brant Wong Appointed as Head of Retirement Platform in Product, Service and Sales

New York, August 22, 2022 /PRNewswire/ — JP Morgan Asset Management today announced the appointment Steve Rubino Beginning as head of retirement and chairman of the firm’s defined contribution operating committee (DCOC). September 14.

Mr. Rubino brings nearly 30 years of experience in financial services and fintech, having spent the past two decades at Edelman Financial Engines leading growth and transformation in workplace retirement and innovation.

As head of retirement and DCOC chairman, Mr. Rubino will lead JPMorgan Asset Management. $255B Workplace Retirement Business, developing and implementing the firm’s retirement strategy, managing the group’s delivery teams, and working closely with investment teams on new product development, including retirement income solutions and next-generation target date funds. He will report Andrea LischerHead of Americas, Clients, JP Morgan Asset Management.

“Retirement is at the heart of everything we do, and we are strongly committed to driving strong retirement outcomes for all Americans.” George Gatch, Chief Executive Officer, JP Morgan Asset Management said. “We are uniquely positioned to leverage JPMorgan Chase’s scale and reach to help people cross the retirement finish line, and we are thrilled to have someone of Steve’s caliber advance our retirement efforts.”

“Steve’s deep passion for workplace retirement, his proven delivery leadership and his differentiated fintech experience are highly complementary to our existing strengths and aligned with changing industry dynamics” said Andrea LischerHead of Americas, client at JP Morgan Asset Management. “We have exceptional people, solutions and insights dedicated to helping Americans retire with dignity, and I’m thrilled to welcome Steve to lead the next phase of our growth.”

The firm has also announced Brant Wong Will expand his role to lead JPMorgan Asset Management’s retirement platform businesses, Everyday 401 thousand And in retirement links, production, service and sales Head of Retirement Platform. Mr. Wong will continue to lead the firm’s retirement national accounting efforts, reporting to Steve Rubino and will join the Americas customer leadership team. Mr. Wong has been a key member of JP Morgan Asset Management’s workplace retirement efforts since its inception and has been responsible for building many fundamental aspects of the business.

The appointment of Mr. Rubino and the expansion of Mr. Wong’s role follows the recent appointment of an investment specialist. Daniel To support business and product strategy across the firm’s defining contribution business, including product innovation in JP Morgan’s target date and retirement income strategies.

Biography – Steve RubinoHead of Retirement, JP Morgan Asset Management

Steve Edelman will join JP Morgan Asset Management from Financial Engines (EFE) where his time spanned nearly 20 years, most recently as head of workplace distribution and innovation, responsible for direct sales and distribution partnerships, relationship management, consultant and advisory relationships. Innovation efforts. In this role, Steve became a key member of the executive leadership team that grew EFE from a start-up to the largest independent registered investment advisor (RIA) in the US. $240 billion In AUM.

Previously, he was Head of Distribution and Institutional Services at EFE, leading the overall Institutional business. While at EFE, Steve founded the Edelman Financial Engine Client Advisory Council, a board of senior executives representing some of the largest companies in the U.S. Steve also helped market retirement income solutions deployed by hundreds of leading employers.

Prior to his time at EFE, Steve held relationship management roles at Thomson Financial (now Thomson Reuters) and as an analyst at State Street Corporation. Steve has an MBA University of Suffolk and BA in Economics from Denison University. He is a member of the American Benefits Council’s Retirement Income Task Force and the Defined Contribution Institutional Investment Association.

About JP Morgan Asset Management

JP Morgan Asset Management is a global leader in investment management, with assets under management of $2.5 trillion (as of 6/30/2022). JPMorgan Asset Management’s clients include institutions, retail investors and high net worth individuals in every major market around the world. JP Morgan Asset Management provides global investment management across equities, fixed income, real estate, hedge funds, private equity and liquidity.

JP Morgan Asset Management JPMorgan Chase & Co. and is the marketing name for the asset management business of its worldwide affiliates.

JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in United States of America (“US”), with worldwide operations. JP Morgan Chase was $3.8 trillion in property and $286.1 billion to shareholders’ equity as June 30, 2022. The firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and wealth management. Under the JP Morgan and Chase brands, the firm serves millions of clients in the US and many of the world’s most prestigious corporate, institutional and government clients worldwide. JPMorgan Chase & Co. Information about is available at www.jpmorganchase.com.

Source JP Morgan Asset Management

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