A giant bank's asset management chief is bidding adieu and passing the reins to a 33-year company veteran.

George Gatch J.P. Morgan Asset Management CEO-Designate

Chris Willcox, CEO of J.P. Morgan Asset Management [profile], will retire at the end of the year, according to reports from Citywire, Institutional Investor, and Pensions & Investments. Citing an internal J.P. Morgan memo from Mary Callahan Erdoes, CEO of asset and wealth management at the bank, the publications also report that New York City-based George Gatch, managing director and CEO of global funds management, will succeed Willcox and report to Erdoes.

Gatch has spent his entire, 33-year career at J.P. Morgan since graduating from Washington University in St. Louis in 1986.

Willcox, an alumnus of the London School of Economics and of University College London, has spent 13 years at J.P. Morgan. He hails from the fixed income side of the business. 

Edited by: Neil Anderson, Managing Editor


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