HOUSE_OVERSIGHT_030840.txt

Richard Madigan is the Chief Investment Officer of J.P. Morgan Private Bank. He previously oversaw $16 billion in client assets as CIO of Global Access Portfolios and has been a part of the investment team at the Private Bank since 2004. In his new role, he plans to regularly communicate market views and investment themes with clients through written notes. Madigan references the Talking Heads song "Once in a Lifetime" in reflecting on recent U.S. elections and the outcome across Congress, state governorships, and the presidential popular vote.