J.P. Morgan Asset Management has appointed a new Chief Executive Officer and Country Head of global investment management for Australia.

In this newly-created role, Rachel Farrell (pictured below) will oversee all of J.P. Morgan Asset Management (JPMAM) operations in Australia and will assume direct responsibility for both JPMAM’s funds and the firms institutional businesses in the country.

Rachel FarrellFarrell is currently based in Hong Kong and will relocate to Australia in early 2017.In the coming months she will work closely with the respective teams during the transition period. Until a successor is appointed Farrell will maintain her position as Head of sovereign and institutional, Asia Pacific ex-Japan. At present Farrell is JPMAM's head of sovereign and institutional, Asia Pacific ex-Japan, a role she was appointed to in 2014.

Prior to joining JPMAM in 2011, she was head of Asia Pacific investor relations and distribution for Citi Capital Advisors, the alternative asset management division of Citigroup and held a number of senior positions in her 12 years at the firm.

She was also head of the Global Discretionary Portfolio Management Team for Bankers Trust Switzerland and a member of the Global Investment Committee.