Juan Soto has been appointed JP Morgan Private Bank's new market manager for Spain and Portugal. Mr Soto is currently a senior banker in the Spanish team, having joined the bank in 1994.

The bank has also announced that Benoit Dumont has been appointed chairman of the board of JP Morgan (Suisse), replacing Andreas von Planta, who will continue to serve on the board as vice-chairman.

Mr Dumont, who is Geneva-based had previously been general manager of JP Morgan (Suisse).

Moving up to general manager in Geneva is Pablo Garnica.

Mr Garnica, formerly market manager for Spain and Portugal, will move from Madrid.