Pacific Life Insurance Co. has acquired JPMorgan Chase’s U.S. Pension Advisory Group, a business within the investment bank. Pacific Life says the business delivers customized investment and risk management solutions to corporations, defined benefit pension plans, voluntary employees’ beneficiary associations, nuclear decommissioning trusts, and other institutional investors.

The business will be known as Pacific Global Advisors and will be headquartered in New York City. David Oaten and his management team – all JPMorgan Chase veterans with experience in corporate finance, actuarial services, asset-liability management, investment management, risk management, trustee services, capital markets and derivative strategies – will continue to lead the business.

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