Patricia Cook was appointed global chief investment officer of fixed income at J.P. Morgan Fleming Asset Management, New York, a new position.
Ms. Cook had been CIO of the fixed-income investment management group at Prudential Financial, Newark, N.J. She will report to Seth Bernstein, head of Morgan Fleming's global fixed-income business, with $265 billion in client assets.
"We are pleased that an industry leader of Patti's experience, talent and track record is joining us in this important role," Mr. Bernstein said in a written statement. "Patti has over two decades of institutional investment management experience and is widely regarded ... as one of the top fixed-income professionals in the industry."
As CIO of Prudential's fixed-income investment management business, Ms. Cook was responsible for developing and implementing investment policies and strategies for all fixed-income portfolios. She managed a team of approximately 80 investment professionals responsible for investing $145 billion.
Jim Sullivan, president of the group, will fill in as interim CIO. It has not yet been decided if Ms. Cook's job will be filled, said Theresa Miller, Prudential spokeswoman.
Prior to her job at Prudential, Ms. Cook spent 10 years at Fischer Francis Trees & Watts, New York, where she held a variety of senior fixed-income roles as principal and partner.