JP Morgan boosts insurance expertise

JP Morgan Asset Management has enhanced its Insurance Solutions business with the hire of Nick Malangone as Executive Director and Insurance portfolio manager in the Multi Asset Solutions team.

Malangone joins from Goldman Sachs Asset Management (GSAM) and will be based in London.

He will be responsible for oversight of portfolios managed on behalf of insurance companies covering a broad range of assets, as part of a Multi Asset Solutions group overseeing more than $170bn (some €156bn) in assets globally.

At GSAM he served as Insurance Asset Management portfolio manager, responsible for oversight of $15bn (€13.7bn) of fixed income assets managed on behalf of insurance company portfolios.

Previously he served as an Institutional Investment Development Executive at Aviva Investors and a Fixed Income Analyst at Morgan Stanley.

Commenting on the new hire, James Elliot, Chief Investment Officer EMEA, Multi Asset Solutions, said: “Nick is a seasoned investor with a proven track record.

“Applying a customised insurance investing lens, he will tap into our broad multi asset investment capabilities, drawing on the qualitative and quantitative asset allocation research underpinning our Multi Asset Solutions business in order to offer the most suitable risk-adjusted returns to insurance company investors.”

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