George Gatch just took a new post at J.P. Morgan [profile]. Jessica Toonkel of Reuters reports that Gatch, formerly CEO of investment management in the Americas, is now unifying the banking giant's global funds business.

"My expectation is that over the next three to five years we will double our global market share," Gatch reportedly told the wire service. "Global asset allocation, equity and income capabilities will be primary areas of product launches over the next year."

Gatch told Reuters that the practice of introducing the same funds all throughout different regions has made them at times a latecomer in the market.

JP Morgan also created a global funds management operating committee that will help oversee the five regions --United States, Europe, Asia, United Kingdom and Brazil. There used to be three, separately-run, regional divisions for the firm's funds: America, Europe Middle East and Africa, and Asia. 

Edited by: HFD


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