J.P. Morgan Asset Management has launched a multi-asset unit headed by Seth Bernstein, who will oversee the new effort as Global Head of Asset Management Solutions, reporting to Mary Erdoes, CEO of J.P. Morgan Asset Management, according to an internal memo.

The firm’s Global Multi-Asset Group and Institutional Strategy Group from its Investment Management division will be part of the new Asset Management Solutions unit as part of the launch. Also, the Global Access Portfolios group and J.P. Morgan Advisory Program unit from J.P. Morgan’s Global Wealth Management division, will also be part of Asset Management Solutions.

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