10:36 AM EDT, 03/20/2024 (MT Newswires) -- JPMorgan Chase's ( JPM ) asset management division appointed Jonathan Sherman as head of its US equities business, effective in September, Bloomberg reported.

Sherman will succeed Lee Spelman, who will become a global equities vice chair, the report said, citing an internal memo Tuesday.

Sherman, who has been in the asset management division's equities business for almost two decades, became global co-head of the US equity investment specialist team in 2016, according to the report.

The company didn't immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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