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BEES | BEB TT a" J.PMorgan ann ri Tae | He market thoughts BEB g an a | Ban Tea | Richard Madigan is Chief Investment Officer and Head of Investment Strategy for J.P. Morgan Private (B= Bank. In his role, he is responsible for the development of investment strategy, tactical and strategic asset Keg allocation for over $800 billion in high-net-worth and institutional client assets. Richard is Chair of the ay Private Bank’s Global Investment Committee. i The Private Bank ClO Team is composed of market strategy, portfolio construction and a dedicated ' quantitative research and analytics team that also oversees investment risk. The team is global, with senior ClO Team members based in New York, London, Geneva, Hong Kong and Singapore. Strategy and Portfolio Construction for Latin America are based in New York. Previously, Richard held the title of Chief Investment Officer for the Global Access Portfolios, where he and his team managed in excess of $16 billion in client assets across 35 countries. Richard brings over 20 years of experience in portfolio management and international capital markets to the firm. Prior to his current role at J.P. Morgan, he held the title of Managing Director, Head of Emerging Markets Investments and Senior Portfolio Manager at Offitbank, a New York-based wealth management boutique, where he managed peak assets in excess of $1 billion in both domestic and offshore portfolios, including the firm’s flagship emerging markets mutual fund. He was also a senior member of the firm’s investment committee. Before joining Offitpank, Richard worked for J.P. Morgan’s Investment Banking division in New York in the emerging markets securities business. He previously spent six years with Citicorp, first as a banker in Mexico and then in the firm’s international corporate finance division in New York. Richard's commentaries have appeared in the Financial Times, The New York Times, The Wall Street Journal, Bloomberg and Reuters. He is a frequent guest speak

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