A company news release said Murphy will report to Eve Guernsey, CEO, JPMorgan Asset Management, Americas, and will join the Americas Executive Committee.
Murphy comes to JPMorgan from State Street Corporation where he served as president of CitiStreet LLC and was responsible for overseeing the health and welfare business, IT, client service, and product development, the announcement said.
Murphy joined State Street in 1981 and has more than 30 years of industry experience. He ran CitiStreet’s Total Benefits Outsourcing division from 2000 to 2005 and was the principal and chief operating officer of State Street’s Retirement Services division from 1991 to 1998, responsible for the firm’s defined contribution plan administration and defined benefit payment operations businesses.
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