Aug 03, 2010

  • Expansion Bolsters Growth in Sovereign Investment Sector

New York, NY, August 3, 2010 — As part of their long-standing dedication to and focus on Sovereign clients around the world, J.P. Morgan Asset Management today announced the appointment of industry veteran Patrick Thomson as the Global Head of Sovereign Clients. Mr. Thomson will be based in London and will be responsible for and oversee teams of client advisors based around the globe that look after sovereign relationships for J.P. Morgan Asset Management. His international experience in alternative and traditional asset management and his extensive industry relationships will bolster J.P Morgan Asset Management’s growth in this increasingly important client area.

Mr. Thomson rejoins the company from Ivy Asset Management, where he served as global head of client development. Prior to that, he spent nearly a decade at J.P. Morgan Asset Management as a Managing Director responsible for a global team focused on both sales and servicing of J.P. Morgan's sovereign clients.

This new leadership for the Sovereign Client Group underscores J.P. Morgan’s commitment to delivering the depth and scope of its global capabilities to this client sector. “With his extensive experience in Europe and Asia and an impressive track record of developing advisory based relationships with sovereign investors worldwide, Patrick brings a heightened focus and direction to our market-leading Sovereign Client Group,” said Mary Erdoes, Chief Executive Officer of J.P. Morgan Asset Management.

Commenting on his new role, Patrick Thomson said: “Increasingly sophisticated sovereign wealth funds will be important participants in shaping the future of global finance. J.P. Morgan Asset Management’s extensive international footprint and its heritage of excellent client service combined with outstanding investment performance, uniquely positions the company to serve the needs of these investors. In particular J.P.Morgan, an industry leader in alternative investments, is attractive to sovereign investors who are expressing a growing appetite for portfolio diversification. I look forward to leading our regional teams to bring an even more concentrated global focus to J.P. Morgan’s sovereign clients."

J.P. Morgan Asset Management is one of the largest managers of sovereign wealth fund assets worldwide and a leading manager of absolute return and alpha generating strategies across its global platforms.

About J.P. Morgan Asset Management
J.P. Morgan Asset Management, with assets under supervision of approximately $1.7 trillion and assets under management of $1.2 trillion (as of 3/31/10)1, is a global leader in investment management. J.P. Morgan Asset Management’s clients include institutions, retail investors and high-net worth individuals in every major market throughout the world. J.P. Morgan Asset Management offers global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity. JPMorgan Chase & Co. (NYSE: JPM), the parent company of J.P. Morgan Asset Management, is a leading global asset management firm with assets of approximately $2.1 trillion and operations in more than 60 countries. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

1 Based on AUM for the Asset Management (JPMAM, PCS, PB) division of JPMorgan Chase & Co. as of March 31, 2010

J.P. Morgan Asset Management is the marketing name for the asset management businesses of JPMorgan Chase & Co. Those businesses include, but are not limited to, J.P. Morgan Investment Management Inc., Security Capital Research & Management Incorporated and J.P. Morgan Alternative Asset Management, Inc.

Press Contact: Charlotte Powell / 212-622-4332 / charlotte.f.powell@jpmorgan.com


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