J.P. Morgan Retirement Plan Services, the retirement plan record keeping business of J.P. Morgan Asset Management, has hired Bill McDermott in a newly created role as head of Sales and Client Solutions.

McDermott will oversee the teams responsible for distribution, relationship management, and the delivery of client solutions, including investment and participant communication and education services. He will be based in New York and will report to David Musto, chief executive officer for Retirement Plan Services. He also will serve on the Executive Committee of J.P. Morgan’s Retirement business, led by Michael Falcon.

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