JPMorgan Asset Management’s Coleman Is Eyeing Riskiest Bank Debt

Lisa Coleman, head of JPMorgan Asset Management’s global investment-grade corporate credit team, has been loading up on subordinated debt — a corner of the high-grade market considered likely to benefit from potential Federal Reserve interest-rate cuts later this year.

New York-based Coleman, whose team oversees nearly $68 billion of assets globally, spoke with Bloomberg over a series of interviews that ended on May 17. Comments have been edited and condensed.

What do you make of the record-setting corporate bond issuance so far this year?

Lisa Coleman, JPMorgan Asset Management’s head of global investment-grade corporate credit.

Source: Bloomberg

We’ve had periods where issuers are probably looking at the market and thinking, ...