JP Morgan Asset Management (JPMAM) has appointed Meg McClellan to the new role of head of private credit in the firm’s global alternatives group.
McClellan, who is currently the fund manager’s chief financial officer, will lead the development of new private credit solutions.
Her responsibilities will include growing the private credit platform, both organically and inorganically.
Anton Pil, head of global alternatives, said: “We see private credit as an essential source of income and return in investors’ portfolios and we are firmly committed to building out our capabilities to enable our clients to take full advantage of the investment opportunities that exist in private markets.”
According to Pil, who oversees $146 billion (€131.1 billion) at JPMAM, the fund manager is seeing demand in real estate mezzanine debt, infrastructure debt, commercial mortgages, funds of funds, direct lending and special situation strategies.
Prior to becoming asset management CFO in 2016, McClellan spent most of her career at the firm working in fixed income trading, portfolio management, and investment strategy roles. She has experience on both the buy side and sell side.
She joined JP Morgan as a fixed income trader in 2007. Before that, she worked at Dillon Read Capital Management. She will begin her new role in January.
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