JPMAM Hires Former Russell Exec Kelly-Scholte For European Pension Role

Sep 14 2015 | 7:17pm ET

JP Morgan Asset Management has hired former Russell Investments executive Sorca Kelly-Scholte to be head of pension solutions and advisory for Europe, Middle East and Africa.

Kelly-Scholte was head of EMEA client strategy and research for Russell until she left on September 2. She will be based in London, where she and her team will advise pension funds and European institutional investors as well as generate research.

Prior to her role with Russell, Kelly-Scholte was a senior consultant with Towers Perrin. She started her career as an analyst with Coopers and Lybrand, according to her LinkenIn profile. 

Kelly-Scholte’s departure was the second of two high-profile exits at the firm in recent weeks. Shamindra Perera, managing director of EMEA institutional investment services, also left the investment manager in early September. Russell was put up for sale by its owner, the London Stock Exchange Group, in February.

A deal for investment consultant Towers Watson to acquire the firm fell through in June, while China's Citic Securities reportedly expressed interest in late August.

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