J.P. Morgan Asset Management has named Jared Gross to the newly created position of head of institutional portfolio strategy, the company announced yesterday in a news release.

Gross will be based in the firm’s New York City headquarters, where he will work closely with product teams and institutional client advisors to deliver tailored portfolio advice to corporate and public pensions, endowments, foundations, and health-care institutions. He will report to Keith Cahill, head of North America Institutional.

Gross is an industry veteran with 25 years of financial services experience. He joins J.P. Morgan Asset Management after a decade at Pacific Investment Management Company (PIMCO), where he was most recently head of institutional business development.

Founded in 1935, J.P. Morgan Asset Management is a subsidiary of parent company JPMorgan Chase & Co., a global financial services firm.