J.P. Morgan Asset Management announces that Philip Michaelsen has joined the European Insurance Solutions Group at J.P. Morgan Asset Management as Head of Strategic Insurance Sales EMEA.
In this newly created position Michaelsen will report to Dirk Popielas, Head of European Insurance Solutions Group, and will work with Dirk to develop the Group’s Europe-wide initiative to grow a substantial, and ultimately market-leading, business managing the balance sheet assets of European insurance companies.
Michaelsen, who will be based in London, has moved to his new role from Deutsche Bank where he was responsible for insurance asset management new business development across UK, Europe and Scandinavia. Previously he worked at UBS Investment Bank in fixed income sales.
Commenting on the hire, Dirk Popielas, Head of European Insurance Solutions Group at J.P. Morgan Asset Management said, “Philip has significant experience of working with insurance companies across Europe in an advisory capacity to help them manage their capital and investment strategies and assist in their outsourcing requirements. He will be an integral part of growing the newly created European Insurance Solutions Group, which has been established as a dedicated business to highlight the unique investment requirements of this very important client group.”
Commenting on his appointment, Philip Michaelsen said, “Insurance companies across Europe are facing heightened regulatory pressure in the form of Solvency II. J.P. Morgan Asset Management is taking significant steps to demonstrate its capability in this area and its solution driven approach coupled with a robust platform means there is the opportunity for the firm to become a leader in this market.”
D.C.