NABTU Capital Strategies Meeting Monday, June 24 th , 2019 Keith Cahill, Managing Director, Head of Taft-Hartley Business and Consultant Strategy Team 212-648-0845 , keith.m.cahill@jpmorgan.com
(This page intentionally blank) 1 | FOR INSTITUTIONAL USE ONLY | NOT FOR PUBLIC DISTRIBUTION
J.P. Morgan Taft Hartley Business
STRICTLY PRIVATE l CONFIDENTIAL JPMAM Taft-Hartley Team Keith Cahill , Managing Director , is head of the Taft-Hartley client business and North American Consultant Strategy Team at JPMorgan. He is also a member of the North America Institutional Management committee. Prior to his leadership appointments, Keith was a client advisor , leading the firm’s efforts in working with Taft-Hartley/Multi-Employer plans. An employee since 2006, Keith previously worked in the Asset Management division of the firm's Real Estate Investment Group, managing a portfolio of real estate investments valued at more than $6 billion. In addition, he has held positions in the firm's Internal Audit department, and is a member of the JPMorgan Chase Ambassador program. Before joining the firm, he was with HRH Construction Management. Keith earned a B.S. in finance and economics from Fordham University. He holds Series 3, 7, 24 & 63 licenses. Keith is also a member of the International Foundation of Employee Benefit Plans. Stephan T. Murphy, Managing Director , is a Client Advisor focused on Taft-Hartley/Multi-Employer Pension Plans. A J.P. Morgan employee since 1998, previously he was a Client Advisor for Institutional Asset Management across the spectrum of investment strategies covering Corporate, Public and Multi-Employer Pension Plans nationally. Prior to 2012 he was a Client Portfolio Manager for Global Real Assets focused on J.P. Morgan’s real estate investment products. Prior to 2007, he was head of the Development and Engineering Group, responsible for development management/investments, operational support for asset management and engineering/environmental acquisition due diligence. Stephan has participated in over $9 billion of acquisitions and over $5 billion of development projects. Prior to joining the firm, he was employed by O’Connor Realty Advisors, Inc., Eastdi l Realty, Lazard Realty and the City of Englewood, NJ. He is a member of IFEBP, NCCMP, Urban Land Institute, PREA and NAREIM. Stephan holds a B.A. from Syracuse University, as well as both a B.S. and B.L.A. from SUNY College of Environmental Science and Forestry. He holds Series 7 and 63. Client Advisors Alex Schneider, CFA, Executive Director , is a client advisor in the Investment Management division of J.P. Morgan Asset Management. An employee since 2018, Alex is focused on the firm’s efforts in working with Taft -Hartley/Multi-Employer plans as well as public pension plans. Prior to joining the firm, Alex was a Director at William Blair and was responsible for Taft-Hartley/Multi-Employer new business development and client service. Prior to William Blair, he was a Relationship Manager at PNC Institutional Investments. Alex is a Chartered Financial Analyst charterholder. Alex holds a B.S. in Finance and Marketing with distinction from University of Illinois at Chicago and holds his M.B.A w/concentrations in Finance, Econometrics and Accounting from University of Chicago Booth School of Business. He also holds his Series 7 and 66 licenses. Tom Villanova , CFA, CAIA, Executive Director , is a Client Advisor in the Investment Management division of J.P. Morgan Asset Management. An employee since 2007, Tom is focused on the firm's efforts in working with Taft-Hartley/Multi-Employer plans. Before his current role, Tom was a client advisor in JPMAM’s Endowments and Foundations Group, responsible for partnering with endowments, foundations and other not -for-profits to address market and investment challenges. Prior to this position, Tom worked for J.P. Morgan Private Bank where in his role he worked with sophisticated families, private equity sponsors, hedge fund managers and their firms on investment solutions and hedging strategies. Tom is a Chartered Alternative Investment Analyst charterholder and Chartered Financial Analyst charterholder. Tom holds a B.A. in finance from Marquette University. He also holds Series 3, 7 and 66 licenses. Matthew Johnson, Vice President , is a Client Advisor in the North America Institutional division of J.P. Morgan Asset Management. An employee since 2012, he is a member of the dedicated Taft-Hartley Team, focused solely on working with Taft-Hartley/Multi-Employer Plans. Matthew was previously an analyst supporting Client Advisor and Relationship Managers’ efforts delivering the firm’s global resources to provide strategic inve stment management solutions tailored to the needs of public, corporate, healthcare organizations, and Taft-Hartley/Multi-Employer plans. Before joining the firm in 2012, Matthew earned a B.A. in economics from Saint Olaf College. He holds Series 3, 7 & 63 licenses. Matthew is also is a member of the International Foundation of Employee Benefit Plans. 3 | FOR INSTITUTIONAL USE ONLY | NOT FOR PUBLIC DISTRIBUTION
STRICTLY PRIVATE l CONFIDENTIAL Committed to Partnering with Taft-Hartley/Multi-Employer Clients KEY BUSINESS STATISTICS COMMITMENT TO JOB CREATION “Veteran Jobs Mission" – Founded by JPMorgan, this Mission $16.4bn Taft-Hartley assets under management as of March 31, has hired over 500k veterans since 2011, >14,000 by JPMC, 2019. and has raised its target to hiring 1mm veterans. 21 of the 30 largest Taft-Hartley plans invest with J.P. Morgan. 351 Taft-Hartley investment accounts, 57 clients with multiple Nearly $6.5bn of JPMAM Real Estate construction was completed using 100% union labor from 2006 – 2019, with strategies. $2.0bn from 2019 developments in progress. Over 45 year relationship with longest tenured T-H client. Roughly 34mm labor man-hours booked in U.S. development projects since from 2006-2019. TAFT-HARTLEY CLIENTS BY ASSET CLASS Support U.S. Manufacturing - Played a key role in restructuring Chrysler’s debt, facilitating fair agreements between workers 2.6% 0.2% 3.6% and creditors, saving thousands of jobs and propelling a Private Equity Cash International Equity comeback by the Detroit auto industry. 39.3% 8.9% Real Assets RESPONSIBILITY US Equity We have provided over 900 mortgage-free homes to wounded veterans and their families, through the Military Warriors Support Foundation, in our commitment to award 1,000 12.4% mortgage-free homes to veterans and their families nation-wide. Fixed Income JPMorgan Asset Management has been active in promoting Multi-Employer Pension reform in order to strengthen the system for current and future participants. Our published research highlights the importance of the Multi-Employer 33.0% Pension system to the US Economy, and the critical importance AM Solutions of finding a viable solution that works for all stakeholders. Source: Institutional Book of Business (Updated 3/31/2019). 4 | FOR INSTITUTIONAL USE ONLY | NOT FOR PUBLIC DISTRIBUTION
caec2370-5c90-11e9-aa3e-3a2fcc6727bb STRICTLY PRIVATE l CONFIDENTIAL Quality workmanship – Union labor 923 Folsom, San Francisco $6.5B From 2006 to 2019, we completed nearly $6.5 billion of union labor construction 1345 Ave of the Americas, NYC 34M Roughly 34 million union labor man hours were spent on our projects from 2006 to 2019 110 N. Carpenter, Chicago 3Eleven, Chicago $2.0B Our 2019 developments in progress include $2.0 billion of union labor construction Fulton West, Chicago “A” A-rated by the North America's Building Liberty Harbor North, Jersey City, NJ Trades Unions' Real Estate Manager Survey Van Ness, Boston 250 East 57 th Street, NYC Source: JPMAM construction stats 2006-Q1 2019. These examples represent selected JPMAM investments under development. However, these types of investments may not be available to or, if available, may not be selected for investment by any fund in the future. 5 | FOR INSTITUTIONAL USE ONLY | NOT FOR PUBLIC DISTRIBUTION
STRICTLY PRIVATE l CONFIDENTIAL Senior Management Commitment • Jamie Dimon fireside chat with Sean McGarvey at NABTU Legislative Conference • Mary Erdoes engagement, meetings with NABTU, NCCMP, and various clients • JPMC & Business Roundtable Support of Multi-Employer Pension Reform 6 | FOR INSTITUTIONAL USE ONLY | NOT FOR PUBLIC DISTRIBUTION
Recommend
More recommend
