Goldman Sachs' ETF Growth in Focus as Lake Arrives [Yahoo! Finance]
JP Morgan Chase & Co. (JPM)
Last jp morgan chase & co. earnings: 4/14 06:43 am
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Source: Yahoo! Finance
Lake is credited with helping build JPMorgan Chase & Co.'s ETF business into the sixth-largest, with 62 funds and assets of $160.2 billion, nearly five times those of Goldman Sachs'. While he'll have a broader mandate than exchange-traded funds—his title is chief transformation officer for Goldman's Client Solutions Group—his arrival signals Goldman's focus on the growing ETF industry. Goldman is a top 20 ETF issuer, with 43 funds. His appointment follows recent departures in Goldman's ETF business, including global ETF head Mark Crinieri earlier this year. He arrives on the heels of Goldman launching a handful of ETFs over the past year, including four muni bond funds this week, and starting a so-called accelerator aimed at helping other firms get their exchange-traded funds to market. While Lake's background is rooted in ETFs, his new role at Goldman Sachs appears to have a broader scope. He'll will work with leadership across a variety of business units to deliver advice, de
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- 10/17/24 - Form 424B2
- JPM's page on the SEC website