The investment bank has created a new position of Sustainable Investing Head, and has hired an industry veteran from BlackRock.
JP Morgan has just appointed Jennifer Wu as its Global Head of Sustainable Investing, the American multinational investment bank and financial services company announced in a press release.
The position is new, and Wu will be based in London, where she will also lead its its Sustainable Investing Leadership Team (SILT) of senior leaders to share best practices for sustainable investing across asset classes, the firm said.
Wu joins J.P. Morgan from U.S. global investment management corporation BlackRock, where she has worked since 2014. Prior to this, she was with the Central and West Asia Department of the Asian Development Bank (ADB), where she was responsible for in for infrastructure project finance and energy sector reform. She began her career in venture capital and private equity, focusing on equity investments in technology and renewable energy in Asia as a research analyst and subsequently a portfolio manager.
Meeting Client Demand
«J.P. Morgan has been integrating ESG factors across our investment teams globally and will continue to build capabilities to meet increasing client demand for sustainable investing,» Shari Schiffman, co-head of Global Product Strategy, said about the new position. She added, «We believe that Jennifer will build on our strong results and establish J.P. Morgan as a global leader in sustainable investing through continued ESG integration and the development of new, innovative strategies.»
«In addition to aligning with investor values and client demand, we are aware of how environmental, social and governance factors can impact security valuations and enhance risk-adjusted return potential, and we are committed to fully integrating these principles into our portfolios,» Christopher Willcox, J.P. Morgan Asset Management CEO said.
