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

The firm said that Schappert will serve as president and CEO of 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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