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

First Republic Bank

26/09/2023 20:09

(Adds table)
    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 (EPRM), according to the memo.
    Horine will also continue to be the global industry co-head
of EPRM.
    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.
        Here is a list of global investment banking industry
coverage heads who have been elevated to global roles as part of
the organizational change:
    
 INDUSTRY    EXECUTIVE
 Healthcare  Michael
             Gaito
 Technology  Madhu
             Namburi
 Media &     Fred
 Communicat  Turpin
 ions        
 Real        Guillermo
 Estate and  Baygual
 Infrastruc  and Tom
 ture        Grier
 Diversifie  Charlie
 d           Bouckaert,
 Industries  Mark
             Marengo
             and
             Alberto
             Piana
 Energy,     Jay Horine
 Power,      and James
 Renewables  Janoskey
 ,Metals &   
 Mining      
 Consumer &  Guillermo
 Retail      Baygual
 Business    Dana
 Services    Weinstein
 Strategic   Ina De,
 Investors   Klaus
 Group       Hessberger
             and Avery
             Whidden
 Financial   Jared
 Institutio  Kaye,
 ns          Laurent
             Nevi and
             John
             Purcell
 Regional    John
 Investment  Richert
 Banking     
             
             
 



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