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Jacob Manoukian

U.S. Head of Investment Strategy

Jacob Manoukian serves as the U.S. Head of Investment Strategy for J.P. Morgan Private Bank and Wealth Management. In this capacity, he collaborates with asset class specialists and portfolio managers to develop and articulate the firm’s economic and market perspectives, as well as its investment strategies.

Jacob is an integral member of the firm’s Global Investment Strategy Group and Global Markets Council. He is also the principal author of several flagship publications, including the annual Outlook report. Jacob and his team specialize in analyzing macroeconomic and market developments, tailoring insights to align with clients’ portfolios and their financial goals.

Having dedicated his entire career to J.P. Morgan, Jacob previously contributed to the J.P. Morgan Asset Management Investment Strategy Team, where he supported Michael Cembalest, the firm’s Chairman of Market and Investment Strategy.

Originally from Nevada, Jacob graduated from Middlebury College in Vermont with a bachelor’s degree in Economics and a minor in Middle Eastern History. Jacob and his family live in New York City, and he enjoys skiing and fly fishing whenever he gets the chance.

Read insights from Jacob

Investment Strategy Apr 27, 2026

Gilts under pressure: Why the sell-off has gone too far

U.K. gilt yields have surged amid an energy-driven inflation shock, but we believe the sell-off has overshot and see selective…

Investment Strategy Apr 24, 2026

Why are stocks at record highs with no Iran resolution?

Despite persistent geopolitical uncertainty and a naval blockade in the Middle East, global equities have staged a rapid recovery,…

Economy & Markets Apr 17, 2026

Emerging markets may offer more than meets the eye. Selectivity matters.

Beneath broad market caution, pockets of resilience across emerging markets could be worth a closer look. Growing dispersion and…

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JPMorgan Chase Bank, N.A. and its affiliates (collectively "JPMCB") offer investment products, which may include bank-managed accounts and custody, as part of its trust and fiduciary services. Other investment products and services, such as brokerage and advisory accounts, are offered through J.P. Morgan Securities LLC ("JPMS"), a member of FINRA and SIPC. Insurance products are made available through Chase Insurance Agency, Inc. (CIA), a licensed insurance agency, doing business as Chase Insurance Agency Services, Inc. in Florida. JPMCB, JPMS and CIA are affiliated companies under the common control of JPMorgan Chase & Co. Products not available in all states.

 

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