J.P. Morgan Retirement Plan Services, the retirement plan record keeping business of J.P. Morgan Asset Management, hired Carol Waddell as managing director and head of product and marketing.
Waddell will oversee the development of retirement products and investment solutions for all RPS client segments, and ensure alignment of marketing programs with other business channels across J.P. Morgan Asset Management. She will be based in New York and will report to David Musto, chief executive officer for Retirement Plan Services.
A JP Morgan spokesperson told Money Management Executive that Waddell will “be responsible primarily for product, marketing and investment solutions for retirement plan clients.”
“We expect that she will particularly help to differentiate us among retirement plan advisors, which are important partners for us as our retirement business continues to grow. She will also help to elevate our brand in the recordkeeping space,” said the spokesperson.
Waddell comes to JP Morgan from T. Rowe Price, where she worked for the last 17 years in various leadership roles. Such roles included providing oversight for defined contribution, defined benefit and non-qualified plan product development and marketing, including customer web sites and tools, investment products, and services for intermediaries, plan sponsors and participants.
J.P. Morgan Retirement Plan Services provides bundled defined contribution services to more than 650 clients and 1.8 million plan-level participants, representing more than $125 billion in retirement plan assets as of December 31, 2011.
Tommy Fernandez writes for Money Management Executive.