• Bryon Lake, JPMorgan Asset Management’s global head of ETF solutions, is departing the firm
• Lake assumed the role in the US in 2021 and led the asset manager’s global ETF efforts, including creating new products and overseeing the existing line-up
• JPMorgan’s ETF business has $169 billion in assets under management with 98 vehicles
Bryon Lake, JPMorgan Asset Management’s global head of ETF solutions, is departing the firm. Lake has led the asset manager’s exchange-traded fund efforts globally since assuming the role in the U.S. in 2021.
Lake’s Role and Responsibilities
As global head of ETF solutions, Lake has been responsible for creating new ETF products and overseeing JPMorgan‘s existing ETF lineup. The bank currently has 169 billion in ETF assets under management across 98 ETF vehicles.
Lake’s Legacy
According to Bloomberg Intelligence ETF analyst Eric Balchunas, Lake’s legacy will be the low-cost active ETFs he helped pioneer at JPMorgan. The firm was one of the first to offer semi-transparent active ETFs after regulatory approval in 2019.
ETF Industry Impact
Lake’s departure comes as the ETF industry continues its rapid expansion, with assets reaching nearly $7 trillion globally. JPMorgan is currently the sixth-largest U.S. ETF issuer. The firm will now have to find new leadership to guide its ETF business amid rising competition.
Conclusion
With Bryon Lake’s exit, JPMorgan Asset Management loses an executive who played a key role in shaping its ETF lineup and strategy. It remains to be seen how the firm will adapt its approach as the ETF industry evolves.
