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JPMorgan shuffles executives in its wealth business
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JPMorgan shuffles executives in its wealth business
Jun 25, 2024 10:52 AM

NEW YORK, June 25 (Reuters) - JPMorgan Chase ( JPM )

reorganized the leadership in its wealth division and appointed

Sanoke Viswanathan to oversee its international wealth business,

according to a memo seen by Reuters.

In his previous role, Viswanathan, who also sits on the

bank's operating committee, was the chief strategy and growth

officer of the bank and was also spearheading the international

consumer banking business.

He will continue to oversee the bank's international

business in addition to the new role while the bank looks for a

successor for his strategy role, its CEO of asset and wealth

management Mary Erdoes and bank's chief operating officer Daniel

Pinto said in an internal note.

The changes come into effect as Mike Camacho, the head of

wealth management solution, left the bank last week.

Following Camacho's exit, Martin Marron, who had led the

international private bank since 2021, will now be the head of

wealth-management solutions.

Meanwhile, Adam Tejpaul will become CEO of the international

private bank, the memo said.

The bank's wealth and management business manages more than

$5 trillion of assets. Erdoes said in a recent interview that

the economic outlook in China was improving.

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