NEW YORK, June 19, 2012 – Bessemer Trust has named Rebecca H. Patterson as Chief Investment Officer.
Effective July 16, Ms. Patterson will work with Bessemer’s investment team on all aspects of investment management, including asset allocation, strategic portfolio direction and research. She replaces and will report to Marc D. Stern, who was named Chief Executive Officer-elect in January 2012.
According to John A. Hilton, Jr., President and Chief Executive Officer, “In addition to her extensive investment background, Rebecca has an appreciation of Bessemer’s independent ownership and close alignment of interest among clients, stakeholders and employees. She is committed to achieving our mission of participating in strong markets and limiting losses during difficult periods.”
Ms. Patterson joins Bessemer from J.P. Morgan Asset Management, where she acted as Chief Markets Strategist. In that role, she also headed the global Client Advisory Group and was a member of the Private Bank’s Investment Committee. Previously, Ms. Patterson was Global Head of Currencies and Commodities for the Private Bank.
Prior to joining J.P. Morgan as a research analyst in 1997, she was a journalist who covered economics and financial markets for Dow Jones and the Associated Press.
“Rebecca’s collaborative approach and enthusiasm for advising private clients are highly valued attributes within Bessemer,” said Mr. Stern. “She also possesses an exceptionally global investing background, which is critical today.”
Ms. Patterson earned an MBA from New York University, an MA in international economics from Johns Hopkins University and a BS in journalism from University of Florida.
“Bessemer holds numerous attractions for me, including its stellar reputation and focus on investing in diverse asset classes around the world,” Ms. Patterson commented. "I look forward to helping clients safely navigate the increasingly complex investing landscape."
Ms. Patterson and her family live in New York City.
About Bessemer Trust
Founded in 1907, Bessemer Trust is a privately-owned wealth management and investment advisory firm that focuses exclusively on high-net-worth families and their foundations and endowments. The firm oversees $65 billion in assets for approximately 2,100 relationships and provides an integrated approach to the various investment, tax, legacy planning and philanthropic needs of its clients.
Contact: Diane Green at (212) 867-0133 or email@example.com.