Federated Investments has hired Keith Schappert, a longtime J.P. Morgan executive, to lead its investment management operations.

The firm said today that Schappert, 51, will serve as new president and CEO for all of its investment advisory companies, which oversee $180 billion in assets. He will be tasked with expanding Federated’s asset management business, including bolstering the firm’s ability to serve financial intermediaries, CEO J. Christopher Donahue said in a statement.

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