SAO PAOLO, Aug. 2, 2016 /PRNewswire/ -- J.P. Morgan Asset Management - Global Real Assets today announced the appointment of Rossano Nonino as Chief Investment Officer and Head of Real Estate Brazil. In this newly created role, Nonino will be based in the São Paolo office of J.P. Morgan Asset Management and responsible for leading the firm's Brazil-based real estate investment team that includes eight professionals. He will report to Kevin Faxon, Head of Real Estate Americas, and locally to Vital Menezes, CEO of Global Investment Management LATAM. J.P. Morgan Asset Management - Global Real Assets has more than 400 professionals in 19 offices throughout the Americas, Europe and Asia Pacific.

"Brazil's political and economic structural upheaval has contributed to a 50% decline in real estate values in local currency terms since the market peak in 2011," said Joe Azelby, Head of Global Real Assets, J.P. Morgan Asset Management. "As the dominant economy in Latin America, we see opportunity in this market. With more than 16 years of experience and a proven track record of success in Brazil, Rossano will help our clients access local investment opportunities, while growing our regional presence."

Rossano founded Gávea Real Estate, the real estate investment arm of Gavea Investimentos, in 2012. At Gávea, Rossano oversaw more than BRL 1 billion real estate investments in properties, development projects and real estate securities. From 2002 to 2012, Rossano was managing director at Brazilian Capital and responsible for the management of over BRL 3 billion in real estate investment funds in Brazil for international and domestic institutional investors. Earlier in his career, Rossano was a managing director and partner at Rio Bravo Investimentos Group responsible for the structuring of Brazilian real estate investment funds and mortgage backed securities. Rossano received a BA in business administration from EAESP- Fundação Getúlio Vargas in São Paulo and a MBA from INSEAD in France.

About J.P. Morgan Asset Management - Global Real Assets
J.P. Morgan Asset Management - Global Real Assets has more than $90 billion in assets under management and more than 400 professionals in the U.S., Europe and Asia Pacific, as of March 31, 2016. With a 45-plus year history of successful investing, J.P. Morgan Asset Management - Global Real Assets' broad capabilities provide many of the world's most sophisticated investors with a global platform of real estate, infrastructure and transportation strategies driven by local investment talent with disciplined investment processes consistently implemented across asset types and regions. For more information: www.jpmorgan.com/institutional/global_real_assets.

About J.P. Morgan Asset Management
J.P. Morgan Asset Management, with assets under management of $1.7 trillion, is a global leader in investment management. J.P. Morgan Asset Management's clients include institutions, retail investors and high net worth individuals in every major market throughout the world. J.P. Morgan Asset Management offers global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity. JPMorgan Chase & Co. (NYSE: JPM), the parent company of J.P. Morgan Asset Management, is a leading global asset management firm with assets of approximately $2.4 trillion and operations in more than 60 countries. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

J.P. Morgan Asset Management is the marketing name for the asset management businesses of JPMorgan Chase & Co. and its affiliates worldwide.

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SOURCE J.P. Morgan Asset Management