Mr. Rubino leaves Edelman Financial Engines to lead the company’s pension business
Brant Wong appointed Head of Retirement Platform for Products, Services and Sales
NEW YORK, August 22, 2022 /PRNewswire/ — JP Morgan Asset Management today announced the appointment of Steve Rubino as Chief Pension Officer and Chairman of the company’s Defined Contribution Operating Committee (DCOC), effective September 14.
Mr. Rubino brings nearly 30 years of financial services and fintech experience, having spent the past two decades driving growth and transformation as head of retirement and workplace innovation at Edelman Financial Engines.
As Chief Pension Officer and Chairman of the DCOC, Mr. Rubino will lead the department of JP Morgan Asset Management $255 billion workplace pension business, developing and executing the company’s retirement strategy, managing the group’s distribution teams and working closely with the investment teams on new product development, including including retirement income solutions 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 firmly committed to improving retirement outcomes for all Americans,” said George Gatch, managing director of JP Morgan Asset Management. “We are uniquely positioned to leverage the scale and reach of JPMorgan Chase to help individuals cross the retirement finish line, and we are thrilled to have someone of Steve’s caliber at spearheading our retirement efforts.”
“Steve’s deep passion for workplace retirement, his proven leadership in distribution and his differentiated experience in fintech are highly complementary to our existing strengths and aligned with the changing dynamics of the industry” said Andrea LisherHead of Americas, Client at JP Morgan Asset Management. “We have exceptional people, solutions and ideas dedicated to helping Americans retire with dignity, and I’m thrilled to welcome Steve to lead our next stage of growth.”
The firm also announced that Brant Wong will expand its role to lead JP Morgan Asset Management’s retirement platform business, Everyday 401k and Retirement Link, across products, services and sales Retirement platform manager. Mr. Wong will continue to lead the company’s National Retirement Accounts efforts, reporting to Steve Rubino and will join the Americas Customer Leadership Team. Mr. Wong has been a key member of JP Morgan Asset Management’s workplace retirement efforts since its inception and responsible for building many fundamental aspects of the business.
Mr. Rubino’s Appointment and Mr. Wong’s Expanded Role Follows Recent Investment Specialist Appointment Daniel Yem to support business and product strategy across the company’s defined contribution businesses, including product innovation in 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 he spent nearly 20 years, most recently as Head of Workplace Delivery and Innovation, Head of direct selling and distribution partnerships, relationship management, consultant and advisor relationships, and innovation drive. In this role, Steve became a key member of the leadership team that grew EFE from a start-up to the largest independent Registered Investment Advisor (RIA) in America with over $240 billion in AUM.
Previously, he was head of distribution and institutional services at EFE, leading all institutional activities. While at EFE, Steve founded the Edelman Financial Engines Customer Advisory Council, a board of senior executives representing the largest companies in the United States. Steve has also helped bring to market retirement income solutions deployed by hundreds of leading employers.
Prior to joining EFE, Steve held positions in relationship management at Thomson Financial (now Thomson Reuters) and as an analyst at State Street Corporation. Steve holds an MBA from University of Suffolk and a BA in Economics Denison University. He is a member of the American Benefits Council’s Retirement Income Task Force and the Defined Contribution Institutional Investment Association.
About JP Morgan Asset Management
JP Morgan Asset Management, with assets under management of $2.5 trillion (as of 06/30/2022), 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 for the asset management business of JPMorgan Chase & Co. and its subsidiaries worldwide.
JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services company based in The United States of America (“US”), with operations worldwide. JPMorgan Chase had $3.8 trillion in assets and $286.1 billion in equity at June 30, 2022. The company is a leader in investment banking, personal 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 customers in the United States and many of the world’s largest businesses, institutions and governments. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
SOURCEJP Morgan Asset Management