JPMorgan Chase & Co. has recently recruited Michael O’Brien, a former BlackRock executive to head the company’s institutional sales globally.
As part of the firm¹s international expansion efforts, O¹Brien is set to start in the newly created position in September, J.P Morgan said in a statement. O¹Brien will report to Mary Callahan Erdoes, chief executive officer of J.P. Morgan Asset Management. Before taking on this new role, Erdoes was most recently CEO of J.P. Morgan Private Bank, according to a company's spokesperson.
O’Brien served as the head of institutional sales for Europe, Africa and the Middle East for BlackRock and Barclays Global Investors. Prior to this move, he joined Barclays Global Investors in 2000 from Towers Perrin. He is expected to work from London, where JPMorgan’s global sales force is based, the Wall Street Journal reported.
Calls to JPMorgan were not returned by press time.
The former BlackRock executive is the latest hire to jump onboard at JPMorgan in recent weeks. Previously, JPMorgan hired Patrick Thomson from Bank of New York Mellon’s Ivy Asset Management to lead its sovereign client group world-wide. Thomson, who will be based in London as well, is expected to report to O’Brien.