NEW YORK, Jan 28 (Reuters) - JPMorgan Chase ( JPM )

named Curtis Reed on Tuesday as chief of the largest U.S.

lender's government banking and healthcare, higher education and

not-for-profit banking businesses.

Reed, a two-decade veteran of the bank, most recently served

as manager for middle market banking in the Chicago region. He

will report to Melissa Smith, head of specialized industries for

commercial banking.

For the group overseen by Reed, JPMorgan ( JPM ) named Brian Page to

run government banking and Melissa Bastan to lead healthcare

alongside banking for higher education and not-for-profits.

The business lends to state and local governments, school

districts, transit authorities, hospitals and not-for-profit

organizations across the United States. JPMorgan ( JPM ) extended $6

billion in credit to such institutions in 2023, it said.

The bank posted a record annual profit in 2024 as its

dealmakers and traders reaped a windfall from rebounding markets

in the fourth quarter. Its commercial and investment banking

revenue also climbed to a record last year.