Ivy’s Thomsen To JPMorgan

Aug 11 2010 | 10:16am ET

With his old employer not long for this world, Ivy Asset Management’s Patrick Thomsen is trading the fund of hedge funds world for a bank job.

Thomsen, who had been global head of client development at Ivy, was named global head of sovereign clients at JPMorgan Chase. He will be based in London.

“Patrick’s international experience in alternative and traditional asset management and extensive industry relationships will bolster JPMorgan Asset Management’s growth in the sovereign investment sector,” Mary Erdoes, head of asset management, said in an internal memo.

It is Thomsen’s second go-around with JPMorgan Asset Management, where he worked from 1996 until 2005.

Thomsen will not be replaced at Ivy, which is being closed at any rate. The Bank of New York Mellon, which owns the troubled fund of funds shop, is restructuring its fund of funds businesses, winding down Ivy and merging its other two.


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Vortic: Reimagining the Custom Wristwatch

Sep 27 2016 | 7:24pm ET

American watch manufacturer Vortic, which started out restoring antique pocket watch...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...