JPMorgan Chase has named James Ferguson as the new head of its global alternative investment services (AIS) unit replacing Stephanie Miller.
Based in New York and operating within the custody and fund services unit of the bank’s investor services business, the AIS unit provides administration, accounting and custody for hedge fund and private equity clients.
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In this newly created role, Ferguson will define strategic direction and product offerings, market coverage, investment prioritization, overall business and P&L decisions, according to a memo seen by MoneyBeat.
In addition, he will also be responsible for continuously progressing client-facing technology build-out and enhancing client interaction to help improve profitability and establish alternative investment services as a market leader.
Ferguson was most recently overseeing the firm’s business control efforts in the global fund services management team.
Miller was promoted as head of the global fund services business in August last year.
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