J.P. Morgan announced that Vital Menezes will become CEO of its Investment Management business in Brazil, effective July 1. He will report jointly to José Berenguer, Brazil Senior Country Officer of J.P. Morgan, and George Gatch, CEO of J.P. Morgan’s Global Funds Management business.
Mr. Menezes most recently was a Partner at Gávea Investimentos, which he joined in October 2011. Gávea Investimentos was co-founded in 2003 by Arminio Fraga, former President of the Central Bank of Brazil. In October 2010, J.P. Morgan Asset Management purchased a majority interest in Gávea.
Before joining Gávea Investimentos, Mr. Menezes served as Global Head of the Financial Institutions Group for Banco Santander, based in Madrid. Prior to that, Mr. Menezes was a Partner with Nitor Investimentos, a São Paulo-based hedge fund.
The Firm also announced the appointment of Giuliano De Marchi as Head of Latin America Funds Management. Mr. De Marchi joins J.P. Morgan from AllianceBernstein, where he was Brazil Country Manager and Latin America Regional Manager, responsible for strategic planning and leadership of client coverage for banks, pension funds, family offices, IFA and other financial institutions. In his new role, Mr. De Marchi will report to Mr. Menezes and to Lee Beck, Head of J.P. Morgan Funds’ Global Strategic Relationship Group.