Products January 10, 2011

Data Firms Collaborate on Institutional Product

InvestorForce, Inc. and eVestment Alliance are expanding the partnership they formed last year, the two companies announced.
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The companies are Web-based investment information providers serving institutional consultants and investment managers.

The data partnership, which initially incorporated eVestment’s U.S. manager universe data into InvestorForce’s reporting platform, has been expanded to include eVestment’s manager universes for Canada, UK, Europe, Japan, Asia-Pacific and Australia, as well as Emerging Markets, EAFE and Global mandates, according to a news release.

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The eVestment Global Database includes information on approximately 2,500 asset managers worldwide, representing more than 17,000 investment strategies.  InvestorForce said it offers the only performance measurement and reporting solution that focuses exclusively on institutional consultants that integrate the eVestment data directly into its platform for consultants’ use.
Deals & People January 10, 2011

JPMorgan's Gatch Says More Changes to Come

George Gatch, Chief Executive Officer of J.P. Morgan Investment Management Americas, says the company is in the process of dramatically strengthening the investment in, and commitment to, the retirement industry.
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The retirement plan market (both employer-sponsored and individual) is “one of the most important markets for us over the next 20 years,” Gatch told PLANADVISER, noting that the market is of significant interest to asset managers because there will be $6 trillion in play. J.P. Morgan is therefore in the process of “building out broader and deeper expertise,” by assembling and supplementing its team that will help it compete in the market.

David Musto is now COO of Retirement Plan Solutions (the company’s full service retirement plan business) and reports to Pam Popp, CEO of Retirement Plan Solutions. Musto is part of the leadership team in Retirement Plan Services and will be spending the bulk of his time in Kansas City.

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Musto is a proven executive in the business, with broad experience across the recordkeeping and investment management company, Gatch said. He said he has “great confidence in David” to build out the Retirement Plan Solutions group (see “Galateria Takes JPAM DCIS Reins from Musto”).

Galateria, who took over for Musto in the company’s investment-only group, has experience in investment management, recordkeeping, and as a sales manager, which Gatchu said will help that group expand.

The company has made steps in all its markets, Gatch said, but has made big investments in the intermediary space, including expanding its total mutual fund sales force across its retail distributions by 60% over the last five quarters.

“Stay tuned,” said Gatch, “it is very early in the process.”
 

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