21 June 2016 Insurance

JP Morgan names EMEA head of insurance

JP Morgan Asset Management has appointed Stefan Lummert as head of insurance solutions for Europe, Middle East and Africa (EMEA).

He succeeds James Peagam, who was promoted to global head of insurance solutions in July 2015 and relocated from London to New York in April 2016.

Lummert will be responsible for further developing and maintaining relationships with insurance companies across Europe. He will coordinate the resources of the firm in providing appropriate investment solutions to European insurers.

Lummert previously served as head of insurance advisory, Germany and Austria, within JP Morgan Asset Management’s global insurance solutions team.

Prior to this, he worked for NN Investment, where he served as head of insurance asset management for Germany.

Lummert also spent 11 years with Allianz Investment Management SE, where he was head of investment management Allianz Versicherungs and head of investment steering.

Peagam said: “Stefan has been instrumental in the development and execution of our European insurance strategy and client service. He will play a critical role as we continue to grow our business and serve clients.”

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