New York-headquartered Bessemer Trust, the US multifamily office, has
named Rebecca Patterson as chief investment officer, succeeding Marc Stern, who became chief executive in January.

The firm said Patterson starts her new role on 16 July and
will report to Stern.

Her responsibilities as CIO will involve working with
Bessemer’s investment team on all aspects of investment management, including
asset allocation, strategic portfolio direction and research.

Patterson was formerly chief markets strategist at JP Morgan Asset
Management. In that role, she also
headed the global client advisory group and was a member of the private bank’s
investment committee, having previously served as global head of currencies and
commodities.

Bessemer
Trust was established in 1907 and oversees $65 billion in assets.