The appointment comes as part of a widespread restructuring at the bank and follows the departure of Paul Wilson, former global head of agent lending product and portfolio advisory, among several others.
The role is understood to include some features of Wilson’s former responsibilities along with those of Stefano Bellani, who was J.P. Morgan’s global head of trading services (agency securities lending and depositary receipts) until August.
Challice is also expected to bring his technology experience at Pirum to bear as part of the new role.
He will report to Patrick Moisy, J.P. Morgan’s head of custody and fund services, liquidity and trading services.
Based in London, Challice joined Pirum in June 2016, bringing a wealth of experience from his role as Nomura’s head of global prime services, which he held for more than seven years.
Challice also served as head of financing sales trading for Lehman Brothers for just under five years until 2008.
Wilson left J.P. Morgan in August, having been with the bank for the better part of 30 years.
He has held a variety of different positions within the investor services business at J.P. Morgan, including operations, sales, client management, client service, product development and product management.
J.P. Morgan declined to comment on the appointment.