JPMorgan Will See a Change within its Top Ranks
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Thursday, April 08, 2010

JPMorgan Will See a Change within its Top Ranks

Eve Guernsey, CEO of JPMorgan's investment management business in the Americas, plans to retire at the end of the year, company spokeswoman Mary Sedarat confirmed to The MFWire. JPMorgan Funds CEO George Gatch is one of Guernsey's five direct reports.

Eve Guernsey
CEO, Investment Management Americas
JPMorgan has yet to pick Guernsey's successor.

"We will be naming a replacement perhaps within the next couple of months," Sedarat said.

Guernsey, who is in her mid-50s, has been with JPMorgan since 1977. She has played a key role in developing the bank's proprietary U.S. mutual fund business.

Asked why she decided to retire, Guernsey, through a spokesperson, replied: "There is never a perfect time to retire but now is a good time with the business in fantastic shape."

Guernsey spent the first 15 years of her JPMorgan career at the firm's private bank, working with high net worth individuals and family groups. Then from 1992 to 1996, she led JPMorgan's U.S. proprietary fund business.

In October 2002, Guernsey was appointed CEO of JPMorgan Investment Management Americas, overseeing the retail, institutional and retirement plan businesses.

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