JP Morgan hires Grosvenor’s US co-head

Alexia Gottschalch will lead capital raising and client advisory efforts for the New York-based investment manager’s Americas real estate business.

JP Morgan Asset Management has tapped Alexia Gottschalch as head of business development and client strategy for its Americas real estate investment platform. In the newly created post, Gottschalch will be in charge of a seven-person team that is responsible for raising capital and advising clients for the Americas business, which has $54 billion in gross assets under management (AUM) and 220 employees. She will be based in New York and report to Doug Doughty, global head of business development at JP Morgan’s global real assets business.

“Our clients are sophisticated and require a partner with deep product and market expertise,” said Doughty in a statement. “With more than 20 years of experience, Alexia is the rare professional who combines deep real estate investment acumen with a thorough and thoughtful understanding of institutional client needs, goals and motivations.”

Added Gottschalch: “I’m excited to join such a strong and dynamic platform. The strategies across the risk spectrum are best-in-class and incredibly well positioned to help institutions – from defined benefit and defined contribution plans to endowments, sovereigns and insurance companies – achieve their investment objectives.”

Gottschalch joins JP Morgan from Grosvenor Fund Management, where she had been global head of capital markets and co-chief executive officer of its US business. Prior to Grosvenor, she was a managing director of marketing and investor relations at Philadelphia-based Independence Capital Partners. Before that, Gottschalch was responsible for marketing and client relationships at Cheswold Real Estate Investment Management and earlier served as director of marketing and client relations in Europe for Prudential Financial.

JPMorgan’s Americas real estate business focuses core, core-plus, value-add and opportunistic US real estate equity investing for both US and non-US institutions. It also develops strategies for incorporating direct real estate investments into defined contribution products. Its flagship offering is JPMCB Strategic Property Fund, which is the largest US core real estate commingled fund with $25.6 billion in net asset value. The business is part of JP Morgan’s overall global real assets platform, which has more than $85 billion in AUM and more than 400 professionals across its businesses in real estate, infrastructure and maritime investing in the Americas, Europe and Asia.