JPMorgan names head of PE services

Banking giant JPMorgan, which has $7 trn in funds under administration, has appointed a Citco vet to lead its alternative investment services.

Stephanie Miller, a former Citco managing director, has been named JPMorgan’s global head of alternative investment services.

In her role Miller will have strategic control of the bank’s private equity, real estate, and hedge fund services. JP Morgan has some $17 trillion in assets under custody and $7 trillion in funds under administration. 

With Citco, a fund administration provider, Miller had oversight of a number of the firm’s US offices, and helped expand the group’s presence to London and Dublin, according to a statement. 

Miller will sit within the bank’s worldwide securities services division, where she will report to Nick Rudenstine, the unit’s head of investor services.

JPMorgan was not immediately available for comment regarding its future strategy for private equity clients.