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JP Morgan appoints Michael Bailey as National Sales Manager for wealth management channel

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JP Morgan Asset Management has hired Michael Bailey as managing director and national sales manager for the wealth management channel in its US funds business.  

Bailey was formerly national sales director at BlackRock, responsible for the distribution of BlackRock mutual funds, iShares ETFs and other investments through its Merrill Lynch division.

In his new role Bailey will oversee two divisional managers and 25 client advisors who work with wealth management firms across the country, such as Merrill Lynch, Morgan Stanley, UBS and Wells PCG. 

"Wealth managers are very important partners for us in delivering investment solutions to end investors," says Andrea Lisher, head of JP Morgan's US Funds business. "Mike's established relationships and success in covering these partners will be a boon to our business and will allow for continued growth in this channel." 

JP Morgan has cultivated a successful sales force focused on financial intermediaries to distribute its investment capabilities. The fund family is the only firm in the top five of net sales for each of the last 5 years, bucking the trend of outflows for active managers. The firm has invested heavily in market insights, top-notch training capabilities and business intelligence, making its client advisors sought after for the insights and investments they can bring to the table. 

JP Morgan has continued to grow its nationwide network of client advisors, growing its salesforce to 119 territories and continuing to add advisors year over year.

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