Quintillion founder Kehoe to join J.P. Morgan

Quintillion founder Kehoe to join J.P. Morgan

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Joan Kehoe, founder of fund administrator Quintillion, is joining J.P. Morgan as global head of alternative investment services.

Her appointment follows the recent hire in April of Garrett Breen as a managing director of alternative investment services.

The bank is redoubling its commitment to the wider custody & fund services (CFS) business which has been led by Teresa Heitsenrether since June last year who was previously global head of prime brokerage.

CFS alone generates $3.5bn in revenue for the investment bank.

Collateral management, prime brokerage and treasury services are also being built-up, although the bank is pulling back from certain government securities settlement functions for broker-dealers, including general collateral finance (GCF) repo.

Kehoe will report to Tim Fitzgerald who the firm poached from Deutsche Bank earlier this year to be global head of fund services.

“Alternative investment services is core to our service proposition and becoming increasingly important to our franchise clients,” said Fitzgerald.

Kehoe founded a Dublin-based alternatives specialty firm Quintillion in 2006.

From its inception until it was sold to US Bancorp in 2013, Kehoe and her team built the business into a global firm with more than $20bn in assets under administration. 

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