J.P. Morgan has continued its recent recruitment drive by luring away another senior figure from Quintillion to join its investor services business.
Joan Kehoe, who originally founded Quintillion in 2006 before serving as CEO, is joining J.P. Morgan as global head of alternative investment services.
Kehoe brings 30 years of experience in hedge fund administration, most recently building Quintillion, a Dublin-based alternatives specialty firm, into a global firm with more than $20 billion in assets under administration, before selling it to US Bancorp in 2013.
Kehoe will continue to be based in Dublin and reports to J.P. Morgan’s global head of fund services Tim Fitzgerald, who himself was only brought on from Deutsche Bank earlier this year.
The appointment is the bank’s second ex-Quintillion hire after it brought on Garrett Breen as managing director of alternative investment services in April.
J.P. Morgan’s investor services unit is made up of several services desks including custody and fund services and prime services.
“Alternative investment services is core to our service proposition and becoming increasingly important to our franchise clients,” said Fitzgerald.
“Adding a recognised industry leader like Joan Kehoe to our team is a reflection of our commitment to providing outstanding service to clients and expanding in the alternatives space,” he added.
