FORM ADV, PART 2B BROCHURE SUPPLEMENT

Transcription

1 FORM ADV, PART 2B BROCHURE SUPPLEMENT J.P. Morgan Private Investments Inc. 270 Park Avenue New York, New York This brochure supplement provides information about investment management personnel of J.P. Morgan Private Investments Inc. ( JPMPI ) that supplements JPMPI s brochure for, or Mutual Fund Advisory Portfolio, as applicable. You should have received a copy of that brochure. Please call the above number if you did not receive the applicable JPMPI brochure or if you have any questions about the contents of this supplement.

2 Mr. Ignacio Bustindui Item 2: Educational Background and Business Experience Ignacio Bustindui is a Managing Director and serves as Global Co-Head of J.P. Morgan Wealth Management s Portfolio Management Group and the Head of Multi-Asset Strategies, where he oversees the portfolio management team responsible for the and the. Additionally, Mr. Bustindui oversees other multi-asset class portfolios for clients globally. Ignacio is a member of the Global Investment Committee. Previously, Mr. Bustindui was the head of an investment team covering Latin America ultra-highnet-worth clients and responsible for constructing their portfolios totaling more than $3 billion in assets. Mr. Bustindui joined J.P. Morgan in Mr. Bustindui began his career in 1994 at Scotiabank- Inverlat in Mexico, where he was a Manager in the Private Bank. Mr. Bustindui brings over 20 years of experience in portfolio management and global financial markets. Mr. Bustindui holds an M.B.A. from the University of Texas at Austin McCombs School of Business and a B.S. in Economics from the Monterrey Institute of Technology in Mexico (I.T.E.S.M.). Mr. Bustindui was born in Item 3: Disciplinary Information There is no disciplinary information to report. Item 4: Other Business Activities Mr. Bustindui is not actively engaged in any other investment-related business or occupation. Item 5: Additional Compensation No persons (other than clients) provide an economic benefit to Mr. Bustindui for providing advisory services. Item 6: Supervision Mr. Bustindui is a supervised person and an Access Person (as defined under Rule 204A-1 of the Investment Advisers Act) of JPMPI and, as such, is subject to the JPMPI compliance policies and procedures, in addition to the J.P. Morgan Chase Code of Conduct. The Compliance department periodically monitors supervised persons trading for client accounts. JPMPI has checks in place to ensure that the portfolio management processes are consistent with JPMPI s fiduciary obligations to clients. In addition, supervised persons are required to complete regular compliance training. 1

3 Michael Choi, Chief Compliance Officer of JPMPI, is responsible for monitoring each supervised person s advisory activities. Mr. Choi can be reached at the telephone number on the cover of this Part 2B Supplement. Item 7: Requirements for State Registered Advisers N/A. JPMPI is not a state registered adviser. 2

4 Mr. Ramy El-menshawy Item 2: Educational Background and Business Experience Ramy El-menshawy is an Executive Director and serves as a Portfolio Manager and senior member of J.P. Morgan Wealth Management s Portfolio Management Group, where he oversees a portfolio management team responsible for discretionary investment portfolios. Previously, Mr. El-menshawy was a member of the J.P. Morgan Private Bank Advice Lab covering ultra-high-networth clients and responsible for the group s financial modeling. Mr. El-menshawy began his career with J.P. Morgan in Mr. El-menshawy holds an M.B.A. from the Stern School of Business at New York University and a B.S. in Business from Stevens Institute of Technology. Mr. El-menshawy was born in Item 3: Disciplinary Information There is no disciplinary information to report. Item 4: Other Business Activities Mr. El-menshawy is not actively engaged in any other investment-related business or occupation. Item 5: Additional Compensation No persons (other than clients) provide an economic benefit to Mr. Bustindui for providing advisory services. Item 6: Supervision Mr. El-menshawy is a supervised person and an Access Person (as defined under Rule 204A-1 of the Investment Advisers Act) of JPMPI and, as such, is subject to the JPMPI compliance policies and procedures, in addition to the J.P. Morgan Chase Code of Conduct. The Compliance department periodically monitors supervised persons trading for client accounts. JPMPI has checks in place to ensure that the portfolio management processes are consistent with JPMPI s fiduciary obligations to clients. In addition, supervised persons are required to complete regular compliance training. Michael Choi, Chief Compliance Officer of JPMPI, is responsible for monitoring each supervised person s advisory activities. Mr. Choi can be reached at the telephone number on the cover of this Part 2B Supplement. 3

5 Item 7: Requirements for State Registered Advisers N/A. JPMPI is not a state registered adviser. 4

6 Mr. Jeffrey Gaffney Item 2: Educational Background and Business Experience Jeff Gaffney is an Executive Director and the Head of U.S. Multi-Asset Portfolio Management for J.P. Morgan Private Bank. He is responsible for constructing efficient multi-asset-class portfolios for clients across the spectrum of investment objectives, risk tolerances and liquidity constraints. In this role, Mr. Gaffney works closely with the investment strategy and due diligence teams to ensure that the investment insights of J.P. Morgan Private Bank are integrated into client portfolios in accordance with the team s rigorous portfolio construction and risk management framework. Mr. Gaffney is Co-Chairman of the U.S. Investment Committee and is a member of the Global Investment Council. In addition, he serves as a Portfolio Manager for several J.P. Morgan asset allocation strategies. Mr. Gaffney has been with J.P. Morgan for the past nine years, and has been a member of the CIO Team at J.P. Morgan Private Bank for the past eight years. Mr. Gaffney earned a B.S.E. in Operations Research and Financial Engineering from Princeton University and a M.B.A. with an emphasis on Finance from Yale University. Mr. Gaffney was born in Item 3: Disciplinary Information There is no disciplinary information to report. Item 4: Other Business Activities Mr. Gaffney is not actively engaged in any other investment-related business or occupation. Item 5: Additional Compensation No persons (other than clients) provide an economic benefit to Mr. Gaffney for providing advisory services. Item 6: Supervision Mr. Gaffney is a supervised person and an Access Person (as defined under Rule 204A-1 of the Investment Advisers Act) of JPMPI and, as such, is subject to the JPMPI compliance policies and procedures, in addition to the J.P. Morgan Chase Code of Conduct. The Compliance department periodically monitors supervised persons trading for client accounts. JPMPI has checks in place to ensure that the portfolio management processes are consistent with JPMPI s fiduciary obligations to clients. In addition, supervised persons are required to complete regular compliance training. 5

7 Michael Choi, Chief Compliance Officer of JPMPI, is responsible for monitoring each supervised person s advisory activities. Mr. Choi can be reached at the telephone number on the cover of this Part 2B Supplement. Item 7: Requirements for State Registered Advisers N/A. JPMPI is not a state registered adviser. 6

8 Mr. Jesse Rosenblum Item 2: Educational Background and Business Experience Jesse Rosenblum is an Executive Director on J.P. Morgan Wealth Management s Portfolio Management Group and serves as a Portfolio Manager for the J.P. Morgan Core Advisory Portfolio and the. He is also a member of the Americas Investment Committee. Previously, Mr. Rosenblum partnered with the Private Bank Chief Investment Officer to drive global strategic initiatives across strategy, portfolio construction and analytics. Prior to that role, Mr. Rosenblum was a Junior Portfolio Manager on the Global Access Investment Team, responsible for the management of multi-asset class portfolios from 2011 to Mr. Rosenblum joined J.P. Morgan Private Bank in 2007 as part of the equity investor relations desk and subsequently helped found the Client Portfolio Management Team for Global Access. Mr. Rosenblum holds both Bachelor and Master Degrees in Finance from the University of Florida. Mr. Rosenblum was born in Item 3: Disciplinary Information There is no disciplinary information to report. Item 4: Other Business Activities Mr. Rosenblum is not actively engaged in any other investment-related business or occupation. Item 5: Additional Compensation No persons (other than clients) provide an economic benefit to Mr. Rosenblum for providing advisory services. Item 6: Supervision Mr. Rosenblum is a supervised person and an Access Person (as defined under Rule 204A-1 of the Investment Advisers Act) of JPMPI and, as such, is subject to the JPMPI compliance policies and procedures, in addition to the J.P. Morgan Chase Code of Conduct. The Compliance department periodically monitors supervised persons trading for client accounts. JPMPI has checks in place to ensure that the portfolio management processes are consistent with JPMPI s fiduciary obligations to clients. In addition, supervised persons are required to complete regular compliance training. 7

9 Michael Choi, Chief Compliance Officer of JPMPI, is responsible for monitoring each supervised person s advisory activities. Mr. Choi can be reached at the telephone number on the cover of this Part 2B Supplement. Item 7: Requirements for State Registered Advisers N/A. JPMPI is not a state registered adviser. 8

10 Mr. Jason Chen Item 2: Educational Background and Business Experience Jason Chen is a Vice President on J.P. Morgan Wealth Management s Portfolio Management Group and serves as a Portfolio Manager for the and the. He is also a member of the Americas Investment Committee. Prior to this role, Mr. Chen was an Investment Associate on the Global Access Investment Team, responsible for the management of multi-asset class portfolios. In addition, Mr. Chen assisted with the analysis, research and evaluation of investment opportunities across global equities, global fixed income, foreign exchange, hedge funds and commodities. Before joining the Global Access Investment Team, Mr. Chen worked at J.P. Morgan Asset Management, focusing on Fixed Income. Mr. Chen holds a Bachelor of Science in Economics from Temple University. Mr. Chen was born in Item 3: Disciplinary Information There is no disciplinary information to report. Item 4: Other Business Activities Mr. Chen is not actively engaged in any other investment-related business or occupation. Item 5: Additional Compensation No persons (other than clients) provide an economic benefit to Mr. Chen for providing advisory services. Item 6: Supervision Mr. Chen is a supervised person and an Access Person (as defined under Rule 204A-1 of the Investment Advisers Act) of JPMPI and, as such, is subject to the JPMPI compliance policies and procedures, in addition to the J.P. Morgan Chase Code of Conduct. The Compliance department periodically monitors supervised persons trading for client accounts. JPMPI has checks in place to ensure that the portfolio management processes are consistent with JPMPI s fiduciary obligations to clients. In addition, supervised persons are required to complete regular compliance training. Michael Choi, Chief Compliance Officer of JPMPI, is responsible for monitoring each supervised person s advisory activities. Mr. Choi can be reached at the telephone number on the cover of this Part 2B Supplement. 9

11 Item 7: Requirements for State Registered Advisers N/A. JPMPI is not a state registered adviser. 10