J.P. Morgan Asset Management (JPMAM) has hired Brandywine global’s head of credit and multisector strategies Gary Herbert to oversee the asset allocation of its multi-asset solutions business, which is currently responsible for $265 billion in assets under management.

In his new role as managing director and U.S. head of global tactical asset allocation (GTAA) for its multi-asset solutions business, Mr Herbert will be in charge of the global tactical asset allocation investment process. He will also serve as a key contributor to the multi-asset solutions investment process in the US.

During his ten years at Brandywine, Mr. Herbert helped implement proprietary research processes to improve macroeconomic, fundamental and quantitative research and decision-making. Later, he moved into a leadership role for all credit-oriented strategies.

His career in research and investment spans 25 years, and includes portfolio management roles at Guggenheim Partners, Dreman Value Management and Morgan Stanley Investment Management.

Mr Hebert will now report to Jed Laskowitz, global head of asset management solutions.

Mr. Laskowitz said: "Given the complexity of today's late cycle markets and increased client interest in tactical asset allocation, now is the right time to add Gary's deep knowledge and credit expertise to our team, to help clients build stronger portfolios. Our GTAA business is a flagship part of our multi-asset Solutions business, and serves as the centrepiece of several strategic relationships across our institutional and sub-advisory client base."