New York, NY – April 21, 2025 – J.P. Morgan Asset Management today announced that Geng Ngarmboonanant will join the firm's Multi-Asset Solutions business as a managing director specializing in global business and investment strategy. Based in New York, Geng reports to Zachary Page, Head of Multi-Asset Solutions for the Americas. In this new role, Geng helps shape investment strategy through macroeconomic and policy research, and partners with clients to design tailored investment solutions. He will also drive business strategy and product innovation as part of the business leadership team.

Geng joins J.P. Morgan from the U.S. Department of the Treasury, where he served as Deputy Chief of Staff to Secretary Janet L. Yellen. In this capacity, Geng served as a key advisor to Secretary Yellen on domestic and international economic policy issues, and played an important role in many of the Treasury Department’s top economic initiatives from 2021 to 2025. This includes the response to the pandemic and market events, U.S.-China economic relations, housing and insurance markets, and artificial intelligence.

Jamie Kramer, Chief Investment Officer and Global Head of Multi-Asset Solutions, said “We are thrilled to welcome Geng to J.P. Morgan. His extensive background in economic policy will significantly enhance our ability to provide clients with deep, actionable insights. With the evolving global economic landscape, Geng's expertise will be invaluable in helping our clients understand and navigate a period of heightened volatility and uncertainty.”

Multi-Asset Solutions is a $440 billion¹ business, integrating a team of asset allocation specialists with the breadth and depth of J.P. Morgan's global investment platform, with over 500 investment strategies across asset classes, geographies and investment styles. The group seeks to create portfolios that access opportunities and solve challenges across the ever-changing investing landscape – including customized solutions and well-known strategies such as J.P. Morgan Income Builder, J.P. Morgan Global Allocation and the J.P. Morgan SmartRetirement series of target date funds.

Geng Ngarmboonanant, Managing Director, Global Business and Investment Strategy, Multi-Asset Solutions, said “I’m thrilled to be joining a world-class team at J.P. Morgan that is dedicated to helping clients – from large pension plans to individual retail investors – achieve their financial goals. In today’s complex investing environment, it is essential to deliver investment solutions with a clear and incisive view of market, economic, and geopolitical forces that can have a significant impact on investment outcomes.”

Biography

Geng Ngarmboonanant is Managing Director, Global Business and Investment Strategy for Multi-Asset Solutions at J.P. Morgan Asset Management. Previously, Geng served as Deputy Chief of Staff for Secretary Janet L. Yellen at the U.S. Department of the Treasury, where he advised Secretary Yellen on economic policy and strategic matters. Geng served on the Covid-19 economic crisis response team, and is a recipient of the Treasury Medal. Geng also served on President-elect Joe Biden’s presidential transition team and led policy committees for two presidential campaigns. Before his government service, he worked at Bain & Company, and at an investment management startup since acquired by Capital One. Geng graduated from Yale College with a B.A. in Ethics, Politics, and Economics, and he holds a J.D. from Yale Law School. He is based in New York, NY. 

About J.P. Morgan Asset Management

J.P. Morgan Asset Management, with assets under management of $3.6 trillion (as of 3/31/2025), is a global leader in investment management. J.P. Morgan Asset Management's clients include institutions, retail investors and high net worth individuals in every major market throughout the world. J.P. Morgan Asset Management offers global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity. For more information, visit: www.jpmorgan.com/am

JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America ("U.S."), with operations worldwide. JPMorganChase had $4.4 trillion in assets and $351 billion in stockholders’ equity (as of 3/31/2025). The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S., and many of the world’s most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

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¹As of March 31, 2025