JP Morgan AM appoints head of Institutional Clients
JP Morgan Asset Management has appointed Patrick Thomson as head of International Institutional Clients.
In this newly created role Thomson will expand his leadership of the firm’s institutional sales efforts for international clients.
Thomson will maintain his existing role of global head of Sovereign Clients and will continue to report to George Gatch, CEO of JP Morgan Investment Management Global Clients.
As global head of Sovereign Clients since 2010, Thomson has overseen significant growth in the firm’s business to become one of the largest active managers for sovereigns globally. He remains based in London.
“As head of our sovereign business for the last five years, Patrick has helped to guide some of the world’s largest institutional investors through a period of transformational change and expansion. Bringing that experience to bear across our international sales teams will ensure even better outcomes for our clients and enhance the delivery of the firm’s global investment capabilities,” said Mr. Gatch.
Gatch continued: “By strengthening our international client service resources we can continue to provide cohesive, tailored and pragmatic solutions that address the foremost needs of our institutional clients, as they increasingly look to more sophisticated investment strategies and continue to evolve their asset allocation to meet the challenges of current and future market environments.”
Patrick Thomson commented, “Given the continued growth in pension funds, insurance companies and sovereign investors, despite the low yield environment, it is a remarkably challenging time for investors. We have one of the best institutional franchises in asset management and some of the best client teams in the industry. I am excited to have the opportunity to work with the team to build on our continued success.”