FRANKFURT, May 22 (Reuters) - JP Morgan has

appointed former Goldman Sachs banker Alexander Mayer as

the new head of its German and Austrian branch, the U.S.

investment bank said in a memo seen by Reuters on Wednesday.

Mayer previously spent 24 years at Goldman Sachs ( GS ), most

recently as head of Investment Banking for Germany and Austria.

JPM's previous Germany and Austria chief Stefan Povaly will

take on a new role as co-head of Global Corporate Banking EMEA,

the memo adds.