has hired David Kelly
as chief market strategist. That post, last held by Jonathan Gollub
, had been vacant for six months, said JPMorgan spokesperson Kristen Batteria. Kelly was previously a senior economic adviser at Putnam Investments
. A Putnam spokesperson was not immediately available to comment on how Kelly's duties are being handled. In his new job at JPMorgan, Kelly will share his views on the markets to financial advisors and U.S. investors.
NEW YORK, Jan. 2 /PRNewswire/ -- JPMorgan Funds, the U.S. mutual fund business of JPMorgan Asset Management, announced that David Kelly, Ph.D,
formerly Economic Advisor for Putnam Investments in Boston, will become its
Chief Market Strategist based in New York.
As Chief Market Strategist, Dr. Kelly will communicate his views on the
markets to financial advisors and U.S. investors. His commentary will be
delivered through distribution of JP Morgan's Market Insight series, as
well as through nationwide speaking engagements, conference calls and media
"We believe David Kelly will be an excellent addition to the JPMorgan
Funds business and his specific experience in the mutual fund industry will
help us deliver market views in a relevant, targeted way that resonates
with financial advisors," said George Gatch, President and CEO of JPMorgan
Dr. Kelly is an experienced strategist, having spent the last 8 years
as a senior economic advisor at Putnam Investments. Prior to Putnam, Dr.
Kelly as served as an advisor/economist with SPP Investment Management,
Primark Decision Economics, Lehman Brothers and others. Dr. Kelly is a
frequent guest on CNBC, CNN and is quoted often in mainstream financial and
Dr. Kelly is a Chartered Financial Analyst and holds a B.A. in Economics from University College in Dublin, an M.A. in Economics from
Michigan State University and a Ph.D in Economics from Michigan State
JPMorgan Asset Management is the marketing name for the asset management businesses of JPMorgan Chase & Co. Those businesses include, but
are not limited to, J.P. Morgan Investment Management Inc., JPMorgan
Investment Advisors, Inc., Security Capital Research & Management
Incorporated and J.P. Morgan Alternative Asset Management, Inc. JPMorgan
Distribution Services, Inc.
Armie Margaret Lee
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