JP Morgan Asset Management hires Steve Rubino as head of retirement

Mr. Rubino will join Edelman Financial Engines to lead the firm’s retirement business

Brant Wong appointed Head of Retirement Platform in Products, Services and Sales

NEW YORK, August 22, 2022 /PRNewswire/ — JP Morgan Asset Management today announced the appointment of Steve Rubino as Head of Retirement and Chairman of the company’s Defined Contribution Operating Committee (DCOC), beginning September 14.

Mr. Rubino brings nearly 30 years of financial services and fintech experience, having spent the last two decades driving growth and transformation at the forefront of retirement and workplace innovation at Edelman Financial Engines.

As the retiring head and president of the DCOC, Mr. Rubino will lead JP Morgan Asset Management 255 million dollars workplace retirement business, developing and executing the company’s retirement strategy, managing the group’s distribution teams and working closely with investment teams on new product development, including income solutions for retirement and next generation target date funds. He will report to Andrea LisherHead of Americas, Client, JP Morgan Asset Management.

“Retirement is at the heart of everything we do, and we are strongly committed to driving stronger retirement outcomes for all Americans.” said George Gatch, CEO of JP Morgan Asset Management. “We are uniquely positioned to leverage the scale and reach of JPMorgan Chase to help people cross the retirement finish line, and we are thrilled to have someone of Steve’s caliber leading our retirement efforts.” .

“Steve’s deep passion for workplace retirement, his proven leadership in distribution and his distinct fintech experience are highly complementary to our existing strengths and aligned with the changing dynamics of the industry.” said Andrea LisherHead of America, client of JP Morgan Asset Management. “We have exceptional people, solutions and expertise dedicated to helping Americans retire with dignity, and I am thrilled to welcome Steve to lead our next stage of growth.”

The firm also announced it Brant Wong will expand his role to lead the businesses of JP Morgan Asset Management’s retirement platform, Everyday 401k and Retirement Link, through the product, service and sales com Head of Retirement Platform. Mr. Wong will continue to lead the firm’s National Retirement Accounts efforts, reporting to it Steve Rubino and will join the Americas customer leadership team. Mr. Wong has been a key member of JP Morgan Asset Management’s occupational retirement efforts since its inception and responsible for building many fundamental aspects of the business.

The appointment of Mr. Rubino and the expansion of the role of Mr. Wong follow the recent appointment of Investment Specialist Daniel to support product and business strategy in the firm’s defined contribution business, including product innovation on JP Morgan’s target date and retirement income strategies.

Biography – Steve RubinoHead of Retirement, JP Morgan Asset Management

Steve will join JP Morgan Asset Management from Edelman Financial Engines (EFE), where his time spans nearly 20 years, most recently as Head of Distribution and Workplace Innovation, responsible for leading direct sales and partnerships for distribution, relationship management, consultant and advisor relationships, and innovation efforts. In this role, Steve became a key member of the executive leadership team that grew EFE from a start-up to America’s largest Registered Investment Advisor (RIA) with more of 240 billion dollars in AUM.

Before that, he was Head of Distribution and Institutional Services at EFE, leading the global institutional business. While at EFE, Steve founded the Edelman Financial Engines Client Advisory Council, a board of senior executives representing the largest companies in the U.S. Steve also helped bring to market retirement income solutions deployed by hundreds of ‘leading entrepreneurs.

Prior to EFE, Steve held relationship management roles at Thomson Financial (now Thomson Reuters) and as an analyst at State Street Corporation. Steve has an MBA University of Suffolk and degree in Economics from Denison University. He is a member of the Retirement Income Working Group and the Defined Contribution Institutional Investment Association of the American Benefits Council.

About JP Morgan Asset Management

JP Morgan Asset Management, with assets under management of $2.5 trillion (as of 6/30/2022), is a global leader in investment management. JP Morgan Asset Management’s clients include institutions, retail investors and high net worth individuals in all major markets around the world. JP Morgan Asset Management offers global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity.

JP Morgan Asset Management is the trading name of JPMorgan Chase & Co.’s asset management business. and its subsidiaries worldwide.

JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services company based in United States (“US”), with operations worldwide. JPMorgan Chase had 3.8 trillion dollars in assets and 286.1 billion dollars in the net worth from June 30, 2022. The firm is a leader in investment banking, consumer and small business financial services, commercial banking, financial transaction processing and asset management. Under the JP Morgan and Chase brands, the company serves millions of clients in the US and many of the world’s leading corporate, institutional and government clients. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

SOURCE JP Morgan Asset Management

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