JPMorgan Asset Management India Private Limited today announced changes in its senior management team. Krishnamurthy Vijayan, formerly CEO & Wholetime Director has been promoted to Executive Chairman, while Christopher Spelman will become Head of the India asset management business.
Krish Vijayan, who has been with J.P. Morgan Asset Management (JPMAM) since its entry into India, has a wealth of knowledge in the asset management industry in India and in his new role, will focus on growing the business. He will continue to be responsible to SEBI under Regulation 25 (6A) and will work closely with the regional leadership team and ensure compliance with regulatory and governance related matters.
Chris Spelman, will have responsibility for controlling the India asset management business including operations, staffing and budgetary controls. An accountant by profession, Chris has been with J.P. Morgan for over 11 years, working in various locations across the region which has provided him with an extensive knowledge of Group businesses. He was part of the core team that was instrumental in setting up the firm’s successful asset management business in Korea.
Speaking about the new roles, David Hsu, CEO, Asia Pacific, J.P. Morgan Asset Management (JPMAM) said, “India is one of the core markets for the asset management business to achieve its global growth targets in the Asia Pacific region, and we have already made significant inroads into this exciting market. Since establishing JPMorgan Asset Management India Private Limited in early 2007, we have built a strong team across the country and amassed significant assets under management against a backdrop of some of the most turbulent and adverse market conditions experienced over the last 80 years. The promotion of Krish to Executive Chairman and the appointment of Chris as Head of Business reinforces our commitment to growing the India asset management business.”
Krish Vijayan is excited about his new role and said, “J.P. Morgan Asset Management has two core values – bringing quality long term funds to retail investors in India and ensuring the highest standards of corporate governance so as to minimize risk for them. I am excited about the opportunity to focus more on building our business and our brand in India. Having Chris join the team affords me more time to do this and his international experience and skills will help us grow a sustainable long term mutual fund business in India”
Chris Spelman, added, “In the last two years, J.P. Morgan Asset Management has created the infrastructure and core team to help us achieve our long term business goals in India. I am glad to be joining the team at this exciting juncture and I am confident that we will be able to capitalise on our existing strengths and create a robust business in the future.”
Sourced From: LINOpinion - The Lintas Public Relations Division
