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.