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

First Republic Bank

26/09/2023 19:23

(Adds details on executive in paragraph 2, digital banking in
paragraph 4-5)
    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,
who is currently the global industry co-head for energy, power
and renewables, metals and mining, according to the memo.
    The bank also appointed several global heads for industry
groups reporting to Jim Casey and Vis Raghavan, who jointly lead
global investment banking, effective immediately.
    JPMorgan also formed a new digital banking group run by
Samik Chandarana that will draw on technology platforms, data
science and artificial intelligence to serve clients, the memo
said.
        Chandarana was previously chief data and analytics
officer for the corporate and investment bank.
  

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