JPMorgan’s ETF head poached by Goldman Sachs [Financial Times (FT.com) (UK)]
JP Morgan Chase & Co. (JPM)
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Source: Financial Times
Will SchmittJump to comments sectionStay informed with free updatesSimply sign up to the myFT Digest -- delivered directly to your inbox.The head of JPMorgan’s rapidly growing exchange traded funds business, Bryon Lake, is leaving the firm after steering the manager’s active ETF offerings to record heights.Lake is to take up a position with Goldman Sachs Asset Management, where Mike Crinieri, global head of ETFs, left earlier this year, according to a source close to Goldman.Goldman does not immediately plan to replace Crinieri, with Lake instead due to take up a “broader role across the asset management client business”, according to the source. Brendan McCarthy will continue in his role as head of ETF specialists and capital markets at GSAM, which has about $30bn in ETF assets under management.JPMorgan Asset Management’s active ETF business has amassed more money from investors over the past year than any firm except Dimensional Fund Advisors, according to dat
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