Spence to continue global momentum for active ETF business NEW YORK , Aug. 15, 2024 /PRNewswire/ -- J.P.
Morgan Asset Management ("The Firm") today announced the appointment of Travis Spence as Global Head of ETFs, effective immediately. In his new role, Spence will lead the ETF Product Development, Capital Markets, and newly formed ETF Insights teams, while continuing to head ETF distribution in EMEA. Reporting to Jed Laskowitz , CIO and Global Head of Asset Management Solutions at J.
P. Morgan Asset Management, Spence will leverage the firm's active investment platforms and strong momentum to solidify J.P.
Morgan's leadership in active ETFs. ETFs are revolutionizing the asset and wealth management industry, with projections for double-digit growth, eclipsing $35 trillion by 2035. 1 Particularly exciting is the surge in active ETFs, which are expected to grow at twice the rate of the overall ETF industry.
2 Over the past decade, J.P. Morgan Asset Management's global ETF platform has expanded to nearly $190 billion across more than 100 ETFs, positioning the firm as the second-largest in active ETF AUM and eighth overall in ETF AUM.
3 "The verdict is in, ETFs offer significant advantages versus other vehicles because of their liquidity transformation capabilities, ease of use, accessibility, tax efficiency, and value. We are committed to revolutionizing the landscape by providing the highest quality active ETFs in the industry," said Jed Laskowitz . "Under Travis's leadership, .