J.P. Morgan Asset Management Solutions Names New CIO of Tax Smart Strategies
News J.P. Morgan Asset Management Solutions Names New CIO of Tax Smart Strategies The new role will partly support 55ip, whose CEO, Paul Gamble, revealed last week that he would step down from that post in September. J.P. Morgan Asset Management has named Chris Meredith Chief Investment Officer (CIO) of Tax Smart Strategies.
In his role, which is a new one for the firm, Meredith will oversee tax-smart investment capabilities across index and active strategies. He will report directly to Jed Laskowitz, CIO and global head of Asset Management Solutions. Meredith will also partner closely to further develop 55ip, which provides investment strategies to financial advisors based on clients’ tax needs.
Meredith’s hiring comes a week after J.P. Morgan Asset Management revealed 55ip CEO Paul Gamble would step down in September after over six years as leader of the fintech startup. Gamble will become vice chairman of asset management solutions at J.P. Morgan Asset Management. In Gamble’s place, the firm named Chief Technology Officer (CTO) Gautam Sachdev as 55ip’s new CEO.
55ip's founding came out out of the TIFIN Group, an early-stage startup incubator. Two months after forming a partnership with 55ip for its model portfolios in October 2020, J.P. Morgan Asset Management acquired the company for an undisclosed amount. 55ip is now a wholly owned but independently run subsidiary of J.P. Morgan Asset Management with 200 employees.
Before starting his new role, Meredith was CIO, portfolio manager and senior research analyst on the Systematic Equity team at O’Shaughnessy Asset Management.
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Originally posted on: https://www.wealthmanagement.com/news/jp-morgan-asset-management-solutions-names-new-cio-tax-smart-strategies