J.P. Morgan Asset Management today announced it has hired two seasoned private credit investors, Brad Demong and Leander Christofides, to join its Alternatives business as Co-CIOs of a new Global Special Situations group.

Demong and Christofides previously held senior roles in J.P. Morgan's Corporate and Investment Bank, most recently managing Leverage & Distressed Private Side Research and Trading for the EMEA region. They left the firm in 2016, and will now re-join effective today. Demong and Christofides will be based in New York and London, respectively.

The team managed by Demong and Christofides will operate globally and will report into Co-Managing Partners of J.P. Morgan Global Alternatives, Anton Pil and Chris Hayward.

"This move represents an immediate, significant expansion of our existing private credit offering in our alternatives business," said Anton Pil, Managing Partner of J.P. Morgan Global Alternatives. "As we continue to focus on the growth of our alternatives platform, we are committed to providing a broad range of differentiated solutions for our clients globally."

"Investors today are looking for access to unique opportunities across the credit spectrum, and Brad and Leander bring the kind of vast investment experience necessary to identify those opportunities," said Chris Hayward, Managing Partner of J.P. Morgan Global Alternatives. "We are excited for Brad and Leander to join J.P. Morgan Global Alternatives and be part of our growth and expansion."

Brad Demong

Brad Demong spent 17 years with J.P. Morgan Chase in a variety of Investment Banking roles, including most recently as Head of EMEA Leverage & Distressed Private Side Research and Co-manager of the Leverage TRS and Structured Finance risk book.

Leander Christofides

Leander Christofides spent 19 years at J.P. Morgan Chase in a variety of Investment Banking roles, including most recently as a managing director and Head of EMEA Leverage & Distressed Private Side Trading and Head of Leverage TRS and Structured Finance.

About J.P. Morgan Global Alternatives

J.P. Morgan Global Alternatives is the alternative investment arm of J.P. Morgan Asset Management. With more than $120 billion in assets under management and over 800 professionals (as of December 31, 2016), we offer strategies across the alternative investment spectrum including real estate, private equity and credit, infrastructure, transportation, liquid alternatives, and hedge funds. Operating from 23 offices throughout the Americas, Europe and Asia Pacific, our independent alternative investment engines combine specialist knowledge and singular focus with the global reach, vast resources and powerful infrastructure of J.P. Morgan to help meet each client's specific objectives. For more information: jpmorganassetmanagement.com