J.P. Morgan Asset Management (NYSE: JPM) today announced its plans to pursue a significant build out of its Endowments & Foundations practice with the launch of a new Endowments & Foundations (E&F) Strategic Advisory Group. This group will specifically focus on the U.S. endowment and foundation market, which represents a
opportunity, with a sophisticated client base that is rapidly growing at over
, who was most recently a senior investment specialist at J.P. Morgan Private Bank, will become Chief Investment Advisor for the newly created unit.
Ms. Issar will work closely with regional Investment Management and Private Banking teams on client coverage, and will lead a team of experienced investment specialists to provide a combination of customized client advisory services and investment strategies, accessing the broad investment capabilities of J.P. Morgan across all asset classes.
Ms. Issar will be based in
and report jointly to
, Chief Executive Officer of J.P. Morgan's Investment Management Americas division, and
Phil Di Iorio
, head of Products and Practices for J.P. Morgan Private Bank.
"We're thrilled to have Monica at the helm as we build upon the great work from our existing investment management and private banking E&F client groups," said
. "Monica's leadership and experience in this space will serve as a catalyst in expanding our endowment and foundation footprint across
the United States
Ms. Issar joined J.P. Morgan Investment Management in 1996 as an equity portfolio manager. She later moved to the firm's Private Bank in 2000 as a senior investment specialist working with public company CEOs, hedge fund managers and endowment and foundations.