There's been a change in the top ranks of JPMorgan Asset Management's defined contribution investment-only unit. As reported by The MFWire.com's sister publication, The 401kWire.com, on Monday, JPMorgan hired John Galateria from T. Rowe Price as its new head of defined contribution investment solutions. Galateria's predecessor, David Musto, has moved to a new role as chief operating officer for retirement services at JPMorgan.

Galateria will report directly to Michael Falcon, head of retirement.

Most recently, Galateria ran distribution for T. Rowe Price's retirement plan services business. A spokesperson for T. Rowe said Kevin Collins, currently head of client services, will assume Galateria's role while the firm searches for a permanent replacement.

Galateria's move to JPMorgan has been picked up by a number of new outlets, including PlanSponsor and Pensions & Investments. 

Edited by: Hung Tran


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