J.P. Morgan Asset Management Boosts Retirement Services with New Leadership Hires
J.P. Morgan Asset Management has made significant strides in strengthening its retirement business with the recent hiring of key senior leaders, Josh Forstater and Tina Anstett. This strategic move highlights the firm’s commitment to enhancing its offerings for retirement plan sponsors, consultants, and participants in an evolving financial landscape.
Josh Forstater has taken on the role of Managing Director and Head of Everyday 401(k), a service tailored for small businesses and startups. He will spearhead efforts to expand and scale J.P. Morgan's Everyday 401(k) platform, which is poised for substantial growth. Projections indicate that around 300,000 new retirement plans will emerge by 2030, primarily from small businesses, underscoring the urgent need for accessible retirement solutions. In his previous position at Vestwell, a digital retirement platform, Josh was instrumental in business development and workplace sales, establishing a solid foundation for his new role at J.P. Morgan.
"Josh's wealth of experience in advancing technology and distribution will play a vital role in our mission to cater to the needs of small business owners and their advisors, ensuring they have the resources to support their retirement planning goals," stated Steve Rubino, Head of Retirement at J.P. Morgan Asset Management. This focus aligns with J.P. Morgan's strategy of adapting to emerging trends and expanding its retirement service footprint.
Meanwhile, Tina Anstett has joined as Executive Director and ERISA Strategist. With over 25 years in the industry, she will lead J.P. Morgan's legislative and regulatory thought leadership initiatives, enhancing the firm’s Retirement Insights platform. Anstett’s considerable expertise will prove essential as she navigates the intricacies of regulatory frameworks and industry standards, ensuring that clients receive timely and relevant information. Before joining J.P. Morgan, she held senior positions at Smart USA Co., where she contributed to the development of ERISA fiduciary oversight services and provided guidance on regulatory matters.
"Tina's experience with advisors, plan sponsors, and essential industry players uniquely positions her to guide our clients through the regulatory and legislative complexities of a rapidly expanding defined contribution market," remarked Michael Conrath, Chief Retirement Strategist. Her insights are expected to be invaluable as J.P. Morgan continues its commitment to leadership in retirement solutions.
The new appointments not only signify J.P. Morgan’s proactive approach in the retirement sector but also highlight its strategic focus on innovative solutions to meet the needs of an increasingly diverse client base. With assets under management totaling over $3.5 trillion, the firm stands as one of the industry leaders in investment management, catering to institutions, retail investors, and high-net-worth individuals globally.
Josh Forstater, who has an MBA from Columbia Business School and dual undergraduate degrees in Finance and Philosophy from Villanova University, will work under the leadership of Brant Wong, Head of Retirement Platform. His extensive background equips him with the skills necessary to effectively grow and manage J.P. Morgan's Everyday 401(k) product.
Tina Anstett, holding a BA from New York University and a JD from Western New England University School of Law, will report to Conrath. Her comprehensive experience, including her tenure as Chief Legal Officer at Smart USA Co., positions her as a pivotal figure in shaping the firm’s response to regulatory changes and providing education to its clientele.
In summary, J.P. Morgan's strategic hires of Josh Forstater and Tina Anstett mark a significant enhancement to its retirement business. By leveraging their combined expertise, the firm aims to not just meet but exceed the expectations of today’s retirement plan stakeholders as they navigate an ever-changing market landscape. As J.P. Morgan Asset Management continues to evolve and adapt, the focus remains clear: delivering innovative and effective retirement solutions that address the immediate and future needs of clients.
Josh Forstater has taken on the role of Managing Director and Head of Everyday 401(k), a service tailored for small businesses and startups. He will spearhead efforts to expand and scale J.P. Morgan's Everyday 401(k) platform, which is poised for substantial growth. Projections indicate that around 300,000 new retirement plans will emerge by 2030, primarily from small businesses, underscoring the urgent need for accessible retirement solutions. In his previous position at Vestwell, a digital retirement platform, Josh was instrumental in business development and workplace sales, establishing a solid foundation for his new role at J.P. Morgan.
"Josh's wealth of experience in advancing technology and distribution will play a vital role in our mission to cater to the needs of small business owners and their advisors, ensuring they have the resources to support their retirement planning goals," stated Steve Rubino, Head of Retirement at J.P. Morgan Asset Management. This focus aligns with J.P. Morgan's strategy of adapting to emerging trends and expanding its retirement service footprint.
Meanwhile, Tina Anstett has joined as Executive Director and ERISA Strategist. With over 25 years in the industry, she will lead J.P. Morgan's legislative and regulatory thought leadership initiatives, enhancing the firm’s Retirement Insights platform. Anstett’s considerable expertise will prove essential as she navigates the intricacies of regulatory frameworks and industry standards, ensuring that clients receive timely and relevant information. Before joining J.P. Morgan, she held senior positions at Smart USA Co., where she contributed to the development of ERISA fiduciary oversight services and provided guidance on regulatory matters.
"Tina's experience with advisors, plan sponsors, and essential industry players uniquely positions her to guide our clients through the regulatory and legislative complexities of a rapidly expanding defined contribution market," remarked Michael Conrath, Chief Retirement Strategist. Her insights are expected to be invaluable as J.P. Morgan continues its commitment to leadership in retirement solutions.
The new appointments not only signify J.P. Morgan’s proactive approach in the retirement sector but also highlight its strategic focus on innovative solutions to meet the needs of an increasingly diverse client base. With assets under management totaling over $3.5 trillion, the firm stands as one of the industry leaders in investment management, catering to institutions, retail investors, and high-net-worth individuals globally.
Josh Forstater, who has an MBA from Columbia Business School and dual undergraduate degrees in Finance and Philosophy from Villanova University, will work under the leadership of Brant Wong, Head of Retirement Platform. His extensive background equips him with the skills necessary to effectively grow and manage J.P. Morgan's Everyday 401(k) product.
Tina Anstett, holding a BA from New York University and a JD from Western New England University School of Law, will report to Conrath. Her comprehensive experience, including her tenure as Chief Legal Officer at Smart USA Co., positions her as a pivotal figure in shaping the firm’s response to regulatory changes and providing education to its clientele.
In summary, J.P. Morgan's strategic hires of Josh Forstater and Tina Anstett mark a significant enhancement to its retirement business. By leveraging their combined expertise, the firm aims to not just meet but exceed the expectations of today’s retirement plan stakeholders as they navigate an ever-changing market landscape. As J.P. Morgan Asset Management continues to evolve and adapt, the focus remains clear: delivering innovative and effective retirement solutions that address the immediate and future needs of clients.
Topics Financial Services & Investing）
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