Ms Tse will report to Ina Drew, chief investment officer, and she will join the company’s executive committee, the firm's senior leadership group.

Ms Tse has more than 17 years of portfolio management and investing experience. Prior to joining J.P. Morgan Chase, she was a managing director and portfolio manager at Duquesne Capital Management, focusing on global macro investing.

During her three years at Duquesne, Ms Tse has worked closely with founder Stanley Druckenmiller, focusing on various rates, mortgage, credit, foreign exchange, equity, commodity and structured product offerings.

Prior to joining Duquesne in 2008, Ms Tse was a partner and co-head of US rates at Goldman Sachs. She was also a member of the Treasury Borrowing Advisory Committee, which is a government appointed panel of economic advisors that has counseled lawmakers for almost half a century.

Ms Tse said: “I chose J.P. Morgan Chase because it is truly a leader in finance and because it offers an extraordinary platform for me and the entire CIO group to invest and manage risk. I'm also grateful to Althea Duersten, who played a critical role in building this outstanding team, and who has been very generous and supportive in bringing me to J.P. Morgan.”

Ms Duersten said: “I'm extremely proud of what our team has accomplished for our company and for our shareholders, and I am pleased that we're bringing in a world-class leader like Irene to head this effort going forward.”

Will Ms Tse's experience benefit the firm?

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