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Thursday, July 08, 2010

JPMorgan's Fund Boss Moves Up

News summary by MFWire's editors

George Gatch is taking on a bigger role at JPMorgan. The bank appointed Gatch, currently president and CEO of JPMorgan Funds, as head JPMorgan's investment management business in the U.S., InvestmentNews reports.

George Gatch
Gatch takes over from his boss Eve Guernsey, who in April announced her plan to retire at the end of the year.

Aside from continuing to run the U.S. retail mutual fund business, Gatch will now also head up the U.S. institutional and retirement plan business, according to the report.

Gatch joined JPMorgan Chase in 1986. He established JPMorgan Asset Management's sub-advisory and institutional mutual fund businesses. He had also served as CEO of Japanese fund firm DKB Morgan, a joint venture between JPMorgan and Dai-Ichi Kangyo bank. 

Edited by: Armie Margaret Lee

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