JP Morgan Asset Management has appointed Chris Meredith as Chief Investment Officer (CIO) of Tax Smart Strategies.

In his role, which is new to the firm, Meredith will oversee tax-smart investment capabilities across indices and active strategies. He will report directly to Jed Laskowitz, CIO and global head of Asset Management Solutions. Meredith will also work closely to further develop 55ip, which provides investment strategies for financial advisors based on clients' tax needs.

Meredith's hiring comes a week after JP Morgan Asset Management disclosed 55ip CEO Paul Gamble WILL leaves in September after more than six years as a fintech startup leader. Gamble will become vice president of asset management solutions at JP Morgan Asset Management. In place of Gamble, the firm appointed Chief Technology Officer (CTO) Gautam Sachdev as the new CEO of 55ip.

The founding of 55ip came from TIFIN group, an early-stage startup incubator. Two months after forming a partnership with 55ip for its model portfolios in October 2020, JP Morgan Asset Management bought the company for an undisclosed sum. 55ip is now a wholly owned but independently run of JP Morgan Asset Management with 200 employees.

Prior to starting his new role, Meredith was CIO, portfolio manager and senior research analyst in the Systematic Equity team at O'Shaughnessy Asset Management.