Simon Chinnery has been appointed Head of UK Defined Contribution at J.P. Morgan Asset Management.
Over the coming weeks Chinnery will be transitioning from his current role as a senior client adviser in the UK Institutional team to the newly created role of Head of UK Defined Contribution.
Reporting to Mike O'Brien, Global Head of Institutional Business, Chinnery will look to build J.P. Morgan Asset Management's UK Defined Contribution business, undertake a full review of the range of capabilities across J.P. Morgan's lines of businesses and leverage J.P. Morgan Asset Management's defined contribution service in the US, which has over USD 100 billion in assets under supervision (as of 31 December 2011).
Commenting on the creation of the new role, Mike O'Brien said, "Defined contribution is no longer the elephant in the room but there is still a lot of work that needs to be done to develop the right propositions in this fast-growing and critically strategic market. With nearly thirty years experience, Simon's in-depth knowledge of both defined benefit and defined contribution markets will be critical to building a market-leading defined contribution platform in the UK and Europe."
Speaking of the need for suitable defined contribution solutions, Simon Chinnery said, "With the momentum of workplace pension reform in the UK and strong growth in defined contribution across a number of European markets, we need to ensure we develop portable solutions and adaptable long-term savings strategies to meet future demand across these markets."
Chinnery joined J.P. Morgan Asset Management in 2005. Prior to this he was a Director of UK institutional client services at ABN AMRO Asset Management where he worked with both defined benefit and defined contribution institutional clients. Prior to this he worked at Gartmore Investment in their pooled pensions client service.
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