JPMorgan shuffles bosses as Rivas to retire as head of North American investment banking -memo

First Republic Bank

26/09/2023 18:45

By Nupur Anand
       NEW YORK, Sept 26 (Reuters) - JPMorgan Chase  JPM.N 
reorganized the leadership in its investment bank, promoting a
new head in North America to succeed Fernando Rivas, who plans
to retire, according to a memo seen by Reuters.
    Rivas, who previously ran the financial institutions group,
was one of JPMorgan's lead negotiators in its purchase of failed
First Republic Bank in May. He will be replaced by Jay Horine.
    The bank also appointed several global heads for industry
groups reporting to Jim Casey and Vis Raghavan, its co-heads of
global investment banking, effective immediately.

 (Reporting by Nupur Anand in New York; Editing by Lananh Nguyen
and David Gregorio)
 ((Nupur.Anand@thomsonreuters.com; +1 646 240 2975;))