JPMorgan Asset Management has named George Gatch, currently CEO of its mutual funds business, as the new head of investment management services for the U.S. and Canada. He is effectively replacing Eve Guernsey, who is retiring, the firm confirmed Monday.

According to an internal announcement, Gatch will retain his current role with JPMorgan Mutual Funds and assume the additional duties previously held by Guernsey. In an e-mail to sister publication Investment Management Weekly, the firm said Gatch "will now also be responsible for both the U.S. institutional and [Retirement Plan Services] business."

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