J.P. Morgan Asset Management (JPMAM) has appointed Rachel Farrell to the newly-created role of CEO and country head of global investment management (GIM) for Australia.

Currently, Farrell is JPMAM's head of sovereign and institutional, Asia Pacific ex-Japan.

Farrell will oversee all of JPMAM’s operations in Australia and will assume direct responsibility for both JPMAM’s funds and institutional businesses in the country.

She will continue to report to Patrick Thomson, international head of institutional clients, GIM and will also report to Michael Falcon, CEO of Asia Pacific, GIM as country head and on matters relating to the firm’s Australian Funds business, the company said.

Commenting on the appointment Falcon said: “I am very pleased to appoint Rachel to this new role as her extensive and well-rounded experience in the financial services industry makes her an ideal candidate. Also, her strong leadership, coupled with an impressive track record with the firm, will further leverage the synergies across all of our businesses and will help drive our continued success in the country.”

Prior to her role of head of sovereign and institutional, Asia Pacific ex-Japan, Farrell served as head of sovereign and institutional, South and South East Asia, Australia and New Zealand.

Before 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.

Previously, she was head of the global discretionary portfolio management team for Bankers Trust Switzerland and a member of the Global Investment Committee.