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JPMorgan picks new bosses in banking, capital markets after reshuffle
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JPMorgan picks new bosses in banking, capital markets after reshuffle
Apr 4, 2024 12:07 PM

NEW YORK, April 4 (Reuters) - JPMorgan Chase ( JPM )

reorganized the leadership in its global banking division,

installing new leaders in capital markets and investment

banking, according to a memo seen by Reuters on Thursday.

The new structure merges the commercial, corporate and

investment banking groups under executives Filippo Gori and Doug

Petno, who were picked to lead the broader unit in February.

"Our new GB franchise strengthens connectivity across these

teams," they wrote in the memo.

Kevin Foley was appointed as the global head of capital

markets, overseeing debt and equity capital markets (ECM).

Achintya Mangla, previously global head of ECM, will leave the

bank to pursue other opportunities, according to the memo.

Dorothee Blessing and Jay Horine will become global

co-heads of investment banking coverage.

Anu Aiyengar, who currently runs mergers and

acquisitions, will gain expanded responsibilities as head of

advisory.

The new structure is geared toward covering JPMorgan's ( JPM )

clients as they grow in size and complexity. The changes follow

the

shuffling of top

executives in January this year.

John Simmons will lead commercial banking, including

commercial real estate and middle market banking, while global

corporate banking will be run jointly by Bregje de Best and

James Roddy.

JPMorgan ( JPM ) will report its first quarter earnings on April

12.

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