JPMAM names Paula Stibbe head of global liquidity sales, Asia Pacific
12 February 2014
Category: News, Asia, Global, Hong Kong, USA
By Asia Asset Management
J.P. Morgan Asset Management (JPMAM) has appointed Paula Stibbe as head of global liquidity sales, Asia Pacific, succeeding the previous role of Travis Spence, who has recently taken a new position as head of global strategic relationship group (GSRG), Asia Pacific ex-Japan under the firm’s Asia funds management business. Prior to her new role, Ms. Stibbe was a senior client portfolio manager in the global short-term fixed-income group of the company, specialising in short-term taxable and tax-aware strategies.
Having relocated from New York, Ms. Stibbe will be based in Hong Kong with regional offices in Shanghai, Singapore, Tokyo, and Sydney. She will be responsible for sales and service of short-term fixed-income solutions along with product development across the region. In addition, she will work closely with her team to identify new business opportunities in the market and to provide clients with innovative solutions, strategic investment advice and industry leading service to help them manage their most treasured and risk-averse asset – cash.
Commenting on the appointment, John Donohue, head of global liquidity of JPMAM said: “With over 20 years of experience in the short-term fixed-income space, Paula is both highly regarded and deeply experienced in the market. I am confident that the team and our clients will benefit from the expertise and experience that Paula brings to this role. We are excited to have seen the increasing demand for liquidity and short-term fixed-income investments in Asia Pacific, prominently in China and Japan. To capitalise on these tremendous opportunities, Paula’s appointment is crucial to our continuing success.”
The team’s local currency money market fund assets under management in Asia were over US$12.4 billion as of January 31, up $2.4 billion from $10 billion’s milestone, which was achieved in November 2012. In addition, the team pioneered six local currency money funds and expanded its businesses across the region. It was also instrumental in J.P. Morgan being awarded a licence to distribute local mutual funds to institutional investors in China, establishing the first onshore direct sales team for JPMAM in China.
Prior to joining JPMAM, Ms. Stibbe was head of product management for Bank of America Global Capital Management. Before that, she spent five years as a senior client portfolio manager at Columbia Management and also held a variety of senior sales and operational roles at Goldman Sachs Asset Management and Harris Investment Management.