(Reuters) -JPMorgan Chase on Monday named Conor Hillery and Matthieu Wiltz as co-chief executive officers for Europe, the Middle East and Africa, according to an internal memo seen by Reuters.

The move comes at a time when JPMorgan is deepening its focus in the region, with a target to increase its EMEA revenues by 20% by the end of the decade.

Hillery and Wiltz, who together bring nearly five decades of experience at the bank, were deputies to the outgoing chief, Filippo Gori.

"The three of us have worked closely together over the past 18 months to foster a sense of belonging to our unique region," Gori said in a statement.

Gori, who became the EMEA CEO for the bank in February 2024, passed on the baton after his role as the co-head of global banking required him to move to New York.

Hillery, based in London, is head of investment banking in EMEA, while France-based Wiltz leads sales in the region, bringing a strong combination of industry expertise and market knowledge, the bank said.

The newly appointed CEOs would maintain their existing responsibilities in global banking and sales, respectively, while joining the commercial and investment bank management team, JPMorgan added.