July 17 (Reuters) - JPMorgan Chase ( JPM ) has appointed
Mike Lister and Brennan Spry as co-heads of North America
corporate banking, according to an internal memo seen by
Reuters.
The move is aimed at reinforcing the Commercial and
Investment Banking (CIB) unit, which has shown considerable
strength and is a key driver of growth at the largest U.S. bank.
The New York-based bank beat estimates for second
quarter profit on Tuesday, helped by robust performance in its
investment banking business and strong trading.
The CIB arm reported a net income of $6.65 billion in the
second quarter, up from $5.9 billion in the year earlier.
Lister previously led the natural resources group, while
Spry served as one of the co-heads of the diversified industries
group within the bank's global corporate banking business.
In their new roles, they will oversee all segments of
corporate banking in North America, including healthcare, real
estate, and technology.
JPMorgan's ( JPM ) global corporate banking business serves more
than 7,000 clients, including large corporations and financial
institutions.