Hong Kong: J.P. Morgan Asset Management (JPMAM) has appointed James Peagam as European head for Global Insurance Solutions. He will be responsible for leading the business in building and developing investment strategies and solutions for European insurers and reinsurers. Based in London and reporting to Matt Malloy, Head of Global Insurance Solutions, James will be responsible for the European business of the 35-strong global team of professionals dedicated to working with insurance companies.
This appointment highlights JPMAM’s commitment to the European insurance market, which has been evidenced by the increasing resources in the region, including fixed income, strategy & analytics and operational infrastructure to support clients. Over recent years, the team has also added positions in the US, Hong Kong and Tokyo.
Matt Malloy, Head of Global Insurance Solutions said, “Insurance companies are distinct from all other types of institutional investors, which necessitates specialised advisory services, customised investment strategies and operational infrastructure to help them achieve their objectives within the risk, regulatory, capital and accounting environment of their business. James has extensive experience in working closely with these companies to build on all areas of investment and reporting, from fixed income to a range of alternatives, and we are excited to be welcoming him to the team.”
Commenting on JPMAM’s growing insurance business, James Peagam said, “Insurance companies are facing increasing pressure to generate yield and income from more diverse investments and there are few managers that stand out when it comes to building their in-house capabilities to meet these requirements. JPMAM has an extensive range of investment strategies coupled with the establishment of a robust insurance solutions business.”
Prior to joining JPMAM, James was Head of Sales Strategy for the EMEA Financial Institutions Group at BlackRock. Prior to this he held insurance roles at The Royal Bank of Scotland/ABN AMRO Bank in the US and EMEA and is a qualified engineer.
JPMAM manages in excess of US$100 billion for insurers, as of September 30, 2013, of which over US$60 billion is general account assets. It is a major contributor to the firm’s rapidly growing global institutional business, under Mike O’Brien, Global Head of Institutional.
JPMAM has managed assets on behalf of insurance clients for more than 35 years. Since 2010, it has invested in building out dedicated staff and infrastructure to support the Global Insurance Solutions business. The Global Insurance Solutions team coordinates all aspects of its platform for insurance clients, including Advisory, Strategy & Analytics, Portfolio Management, Servicing, and other areas.
The Global Insurance Solutions team of more than 35 professionals globally focuses on the unique investment objectives and constraints of insurance companies. It has a comprehensive understanding of insurers’ challenges, including asset-liability management, regulatory and accounting issues. Through its strategic advice and global market expertise, it is able to bring clarity to world events and their immediate and long-term impact on insurers’ investment portfolios. Global Insurance Solutions provides innovative strategies from across the firm’s multi-asset investment platform to help insurers maximize risk-adjusted returns.