There's been a change in the top ranks of JPMorgan Asset Management's
defined contribution investment-only unit. As reported
by The MFWire.com's
sister publication, The 401kWire.com
, on Monday, JPMorgan hired John Galateria
from T. Rowe Price
as its new head of defined contribution investment solutions. Galateria's predecessor, David Musto
, has moved to a new role as chief operating officer for retirement services at JPMorgan.
Galateria will report directly to Michael Falcon
, head of retirement.
Most recently, Galateria ran distribution for T. Rowe Price's
retirement plan services business. A spokesperson for T. Rowe said Kevin Collins
, currently head of client services, will assume Galateria's role while the firm searches for a permanent replacement.
Galateria's move to JPMorgan has been picked up by a number of new outlets, including
Pensions & Investments
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