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JP Morgan Gets New CIB Leadership Structure
Eliane Chavagnon
8 April 2014
The newly-appointed chief executive at JP Morgan’s corporate and investment bank – Daniel Pinto - has streamlined the CIB leadership structure, according to an internal memo seen by this publication. Pinto was named as the sole CEO of CIB following the resignation last month of co-CEO, Michael Cavanagh, who is joining The Carlyle Group . All the individuals mentioned below will report to Pinto, unless stated otherwise. Carlos Hernandez will become co-head of global banking, alongside Jeff Urwin – both will manage corporate banking, treasury services and investment banking globally. Since joining JP Morgan, Hernandez has led numerous areas within investment banking, including M&A and capital markets. According to the memo, Don McCree will pursue opportunities outside JP Morgan after “a long and distinguished career” at the firm. As a result, he will transition his responsibilities to Urwin and Hernandez over the next few months. Meanwhile, Jeff Bosland will become head of treasury services, reporting to Urwin and Hernandez, while continuing to serve on the CIB management committee. Bosland was recently co-head of Americas sales and marketing for markets and investor services, and previously ran public finance. Within the markets and investor services segment, John Horner will become head of investor services, succeeding Hernandez. Horner will maintain his responsibilities related to JP Morgan’s liquidity and funding initiatives within CIB. Guy America and Matt Cherwin will become co-heads of global credit , securitized products and public finance, while James Kenny and Troy Rohrbaugh become co-heads of global rates, foreign exchange, commodities and emerging markets. Blythe Masters has decided to leave the firm but will continue to assist JP Morgan over the next few months to ensure a smooth transition of the bank's physical commodities business to her successor. Tim Throsby will remain head of global equities and also become chair of the CIB Technology Strategy Council. In other moves, Marc Badrichani has been named as the sole head of sales and marketing for the Americas, representing the US, Latin America and Canada. Meanwhile, Alessandro Barnaba and Sikander Ilyas will take on additional roles as co-heads of international sales and marketing. Previously, they co-led sales and marketing for EMEA. Filippo Gori will become head of sales and marketing for Asia-Pacific, reporting to Barnaba and Ilyas. Gori recently relocated to Hong Kong after Damian Roche announced his desire to “move on to a new role.” Roche will continue to transition his regional sales and marketing responsibilities to Gori. Additionally, Joyce Chang will serve as global head of research, succeeding Tom Schmidt who is pursuing new challenges after running the firm’s research franchise over the past several years. Lastly, Takis Georgakopoulos - head of multi-national corporate banking coverage - will become chief of staff, managing the CIB strategy team. At JP Morgan, Georgakopoulos has served as head of corporate strategy and chief financial officer of global corporate banking.