J.P. Morgan Asset Management has announced the appointment of industry veteran Patrick Thomson as the Global Head of Sovereign Clients. 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.

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.

“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, 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."