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J.P. Morgan appoints new Australian senior sales team

J.P. Morgan appoints new Australian senior sales team

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By Paul Hemsley
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3 minute read

In an ambitious effort to bolster its onshore presence within Australia, J.P. Morgan Asset Management (JPMAM) has hired a new team of highly experienced sales professionals.

The new team will join the firm as part of its campaign to expand its sales capabilities and “affirm its position as a leading active asset manager in Australia”, with Mark Carlile handpicked to oversee wholesale distribution as head of wholesale, Australia and New Zealand.

Mr Carlile’s role is a newly created one based in Melbourne, through which he will report to Andrew Creber, Australia and New Zealand chief executive officer.

Having been employed with JPMAM for eight years, his previous role as head of strategic relationships has been expanded into his new role – and he will draw from more than 30 years’ experience within the financial services industry.

The team’s growth doesn’t end there – the firm has also appointed two new client advisers to join Mr Carlile’s team to support the wholesale business expansion.

They include Sydney-based Justin Sultana from First Sentier Investors to focus on distribution in northern states; Stephanie Harrison from Vanguard Investments has also joined the JPMAM team to focus on distribution in southern states – she is based in Melbourne.

On the institutional distribution side, Josh Peel has also joined the firm as a client adviser. Based in Sydney and reporting to Mr Creber, Mr Peel is responsible for deepening relationships with institutional clients and prospects.

Mr Peel previously spent more than 20 years working for major financial institutions, including Credit Suisse and Park Hill Group. He most recently served as managing director, institutional client solutions at partners group, responsible for capital raising across private markets.

Mr Creber welcomed Mr Peel’s “extensive knowledge and experience” spanning asset management and private equity firms as being “strongly aligned” with JPMAM’s plans for growth, particularly in speeding up its alternative solution offerings for Australian investors.

“With the recent new appointments, we are thrilled to grow our team to meet the needs of the Australian market and position the business for stronger growth. I’m confident that the expanded sales force will enable us to better serve our clients with innovative and diversified product offerings, while also building meaningful relationships with prospects seeking tailored and exceptional investment solutions,” Mr Creber said.

Spruiking the firm’s desire for growth, Mr Creber identified “strong demand and opportunities” in alternative assets, fixed income and sustainable investing solutions.

He said the firm wants to expand its offerings in those areas, as well as broaden its product line-up with JPMorgan Income Fund and JPMorgan Global Bond Fund, which he feels will be beneficial to institutional investors, advisors, brokers and self-directed end investors.