The partnership will combine the strengths of CIP, a private wealth investment firm in New Zealand, and JPMAM, a global asset manager with expertise across various asset classes, and distribution support in the form of holistic tools
JP Morgan Asset Management partners with CIP. (Credit: IKECHUKWU JULIUS UGWU on Unsplash)
JP Morgan Asset Management (JPMAM) and Craigs Investment Partners (CIP) have signed a Memorandum of Understanding (MOU) for a strategic multi-year partnership.
The partnership is designed to combine the individual strengths of two organisations.
CIP is a private wealth investment firm in New Zealand, and JPMAM is a global asset manager with a wide range of expertise across various asset classes.
The partnership will combine JPMAM’s strength in distribution support in the form of holistic tools such as their Market Insights and Portfolio Insights programs.
CIP CEO Simon Tong said: “For CIP, this important relationship supports delivering on our strategy to bring the best opportunities from across the globe to our clients.
“Craigs has a long history of being local but acting global and this is another example. We look forward to working with the JPMAM team in delivering for our clients.”
CIP said that the partnership aims to further develop its investment capabilities and insights by directly accessing JPMAM’s global capabilities and expertise.
JPMAM has selected CIP based on its position as a private wealth investment firm in the New Zealand market and the partnership is in line with the goals and values of both organisations.
Also, CIP is said to provide JPMAM with a strong, long-term partner to support New Zealand’s growing wealth management segment.
JPMAM Australia and New Zealand CEO Andrew Creber said: “We believe the strength of CIP and JPMAM will create differentiated client solutions that lay the foundation for a strong and successful partnership.”
JPMAM Australia and New Zealand wholesale head Mark Carlile said: “Our businesses complement each other, and we are excited for future collaboration and growth opportunities providing diversified, quality solutions to New Zealand investors.”
CIP private wealth and markets head Jeremy Williamson said: “We are tremendously excited to partner with JPMAM, who we consider to be in the very top tier of global asset management firms and look forward to working with them across many parts of our private wealth business over the coming years.”
Earlier this month, JP Morgan Asset Management formed a strategic partnership with Kasikorn Asset Management (AM), the investment arm of Thailand-based Kasikornbank (KBank).