Nupur Anand
NEW YORK (Reuters) – JPMorgan Chase has reorganized leadership at its global banking unit, appointing new leaders in capital markets and investment banking, according to a memo seen by Reuters on Thursday.
The new structure brings together the commercial, corporate and investment banking groups under the leadership of executives Filippo Gori and Doug Petno, who were selected to lead the broader unit in February.
“Our new GB franchise strengthens the bond between these teams,” they wrote in the note.
Kevin Foley has been appointed global head of capital markets, overseeing debt and equity capital markets (ECM). According to the memorandum, Achintya Mangla, who previously headed ECM, will leave the bank to pursue other opportunities.
Dorothy Blessing and Jay Horyn will become global co-heads of investment banking.
Anu Iyengar, who is currently focused on mergers and acquisitions, will have expanded responsibilities as head of advisory.
The new structure is designed to accommodate JPMorgan’s clients as they grow and become more complex. The changes follow a reshuffle of top managers in January this year.
John Simmons will lead the commercial banking operations, including commercial real estate and middle market banking, while the global corporate banking operations will be jointly managed by Brege de Best and James Roddy.
JPMorgan will report first-quarter earnings on April 12.