Deals & People April 8, 2010

Guernsey to Leave J.P. Morgan at Year-End

J.P. Morgan Asset Management (JPMAM) said Thursday that Eve Guernsey, CEO of the Americans, will step down from her post at the end of 2010.
Reported by

Guernsey’s retirement marks the close of a J.P. Morgan career that began in 1977 and included her July 2004 appointment as CEO of JPMAM’s investment management operations in the Americas (“JPMorgan Names Guernsey to CEO Americas Post”).

JPMAM spokeswoman Jackie Meere told PLANSPONSOR that no immediate replacement had been named for the CEO slot and that the company would work over the next several months to find candidates to take over the reins from Guernsey.

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Meere said Guernsey felt the company’s business was healthy and because she had been with the firm for 33 years, her departure was appropriate. “At some point, she wants to spend more time with her family,” Meere said. 
Before taking over her current post, Guernsey had been CEO of the firm’s institutional business in the Americas, a role which she combined with her larger responsibilities.

Prior to taking the institutional business in the Americas role in 2002, Guernsey was head of JPMorgan Fleming’s Client Service, Acquisition and Marketing business in North America. She joined the institutional investment business after holding responsibility for developing and managing J.P. Morgan’s proprietary U.S. mutual fund business.

Products April 8, 2010

Dow Jones Unveils Contrarian Index

Dow Jones Indexes has launched the Dow Jones U.S. Contrarian Opportunities Index.
Reported by

A Dow Jones news release said the new rules-based index seeks to measure a contrarian investment strategy by focusing on companies with strong recent fundamentals but a lagging three-year-trailing return.

The index has been licensed to Javelin Investment Management to underlie an exchange-traded fund (ETF). The ETF will be available Friday at NYSE Euronext.

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The universe for the Dow Jones U.S. Contrarian Opportunities Index is the Dow Jones U.S. Broad Stock Market Index, which measures the performance of the largest 2,500 U.S. stocks by float-adjusted market capitalization, Dow Jones said.

More information is available at www.djindexes.com.

 

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