While some bank-owned fund firms have found themselves under new ownership because of the financial crisis, JPMorgan's George Gatch
doesn't have to worry about such a scenario. Gatch oversees the money center bank's U.S. mutual fund and retail businesses, including sub-advisory and managed account activities. Year-to-date net flows into JPMorgan's long-term products are the third highest in the industry, according to Strategic Insight.
On the money fund side, Gatch built the strategy and team to create the biggest global money market fund complex. That business has cornered an 18 percent global market share. Gatch also beefed up JPMorgan's product line with non-traditional mutual fund capabilities.
Gatch joined JPMorgan Chase in 1986 and has held leadership roles in sales, marketing and business management. He had also served as CEO of Japanese fund firm DKB Morgan, a joint venture between JPMorgan and Dai-Ichi Kangyo Bank. Prior to his stint at DKB, Gatch established JPMorgan Asset Managementís sub-advisory and institutional mutual fund businesses. He won Fund Action and Fund Directions' Fund Leader of the Year Award in 2006 for overseeing the integration of One Group Mutual Funds into the JPMorgan fold.
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