JP Morgan Asset Management has appointed Jeremy Cape to head aircraft investments as an executive director within its global transportation group.
Cape, who will be based in London, has responsibility for the origination, underwriting, due diligence and transaction execution of aviation investments. He will report to head of global transportation Andrian Dacy.
"Investors seeking alternative sources of yield have begun to embrace the multi-trillion global transport market opportunity," states Dacy. "Given their favourable economic and market fundamentals, aviation investments can offer the prospect of enhanced risk-adjusted yields with low correlation to equities and bonds."
Anton Pil, managing partner JP Morgan's Global Alternatives unit, notes: "These investments in our alternative platforms enhance our ability to provide clients with solutions that can offer low correlations to public markets, counter-cyclical performance, high-income yields backed by long-term contracts, enhanced downside resilience, and a measure of inflation protection."
Cape joins from lessor AerCap, where he spent more than seven years and closed over 140 aircraft transactions. He had begun his career at JP Morgan, and was senior vice-president and head of risk at Aircastle from 2007 to 2011, before joining ILFC, which was acquired by AerCap in 2014.
Source: Cirium Dashboard