J.P. Morgan Asset Administration has named Chris Meredith Chief Funding Officer (CIO) of Tax Sensible Methods. 

In his function, which is a brand new one for the agency, Meredith will oversee tax-smart funding capabilities throughout index and energetic methods. He’ll report on to Jed Laskowitz, CIO and international head of Asset Administration Options. Meredith can even accomplice carefully to additional develop 55ip, which gives funding methods to monetary advisors primarily based on purchasers’ tax wants.

Meredith’s hiring comes every week after J.P. Morgan Asset Administration revealed 55ip CEO Paul Gamble would step down in September after over six years as chief of the fintech startup. Gamble will grow to be vice chairman of asset administration options at J.P. Morgan Asset Administration. In Gamble’s place, the agency named Chief Expertise Officer (CTO) Gautam Sachdev as 55ip’s new CEO.

55ip’s founding got here out out of the TIFIN Group, an early-stage startup incubator. Two months after forming a partnership with 55ip for its mannequin portfolios in October 2020, J.P. Morgan Asset Administration acquired the corporate for an undisclosed quantity. 55ip is now a wholly owned however independently run subsidiary of J.P. Morgan Asset Administration with 200 workers.

Earlier than beginning his new function, Meredith was CIO, portfolio supervisor and senior analysis analyst on the Systematic Fairness workforce at O’Shaughnessy Asset Administration.