Michael Cembalest

Chairman of Market and Investment Strategy for J.P. Morgan Asset & Wealth Management

Michael Cembalest chairs the Market and Investment Strategy group, and is responsible for the development of market and investment insights across the firm’s Institutional, Funds and Private Banking businesses.

Mr. Cembalest also serves on the J.P. Morgan Asset & Wealth Management Investment Committee. He previously served on the Investment Committee for the J.P. Morgan Retirement Plan for the firm’s more than 256,000 employees. He was most recently Chief Investment Officer for the firm’s Global Private Bank and, prior to that, served as head strategist for Emerging Markets Fixed Income at J.P. Morgan Securities. Mr. Cembalest joined J.P. Morgan in 1987.

He holds an M.A. from the Columbia School of International and Public Affairs and a B.A. from Tufts University.

Read insights from Michael

Economy & Markets Dec 2, 2025

The Deep End: 2025 Alternative Investments Review

On the surface not much has changed since our last review two years ago.

Economy & Markets Nov 5, 2025

The winter of our discontent: generative AI disrupts the entertainment industry content moat

While the prior decade was defined by disruption in content distribution, the next decade will be defined by disruption in content…

Economy & Markets Oct 16, 2025

Mad Libs: just fill in the blanks

This piece is not about how mad liberals are at the administration, although the latest polling data indicates that it could be.

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