JP Morgan Asset Management has hired two private credit investors, Brad Demong and Leander Christofides, to join its alternatives business as co-CIOs of a new global special situations group.

Demong and Christofides previously held senior roles in J.P. Morgan’s Corporate and Investment Bank, most recently managing leverage & distressed private side research and trading for the EMEA region. They left the firm in 2016, and will now re-join effective today. Demong and Christofides will be based in New York and London, respectively.

The team managed by Demong and Christofides will operate globally and will report into Anton Pil and Chris Hayward, co-managing partners of J.P. Morgan Global Alternatives.

Brad Demong spent 17 years with J.P. Morgan Chase in a variety of investment banking roles, including most recently as head of EMEA leverage & distressed private side research and co-manager of the leverage TRS and structured finance risk book.

Leander Christofides spent 19 years at J.P. Morgan Chase in a variety of investment banking roles, including most recently as a managing director and head of EMEA leverage & distressed private side trading and head of leverage TRS and structured finance.