The asset management arm of J.P. Morgan has signed a partnership with a private wealth firm in New Zealand.
J.P. Morgan Asset Management (JPMAM) has signed a strategic partnership via a multi-year memorandum of understanding with New Zealand-based Craigs Investment Partners (CIP), according to a statement.
Under the tie-up, CIP will further develop its offering by directly accessing JPMAM’s global capabilities and expertise. This includes holistic tools such as the US asset manager’s market insights and portfolio insights programs.
Since 1984
CIP opened its first office in 1984 in Whakatane, a city in the North Island of New Zealand. Today, it is one of the largest investment advisory firms in the country with 19 branches, 650 employees, including 180 investment advisors, and $28 billion in client funds under management.
«In turn, CIP will provide JPMAM with a strong, long-term partner to support New Zealand’s growing wealth management segment. Our businesses complement each other and we are excited for future collaboration and growth opportunities providing quality solutions and diversified solutions to New Zealand investors,» added Mark Carlile, JPMAM’s head of wholesale for Australia and New Zealand.
