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

Posted on:
Key Points

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..

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...

Anand covered banking and finance in India for more than a decade, chronicling the collapse of major lenders and turmoil at digital banks and cryptocurrencies..

You might be interested in

Bank of America to expand in four US states, closing gap with JPMorgan

27, Jun, 23

Bank of America Corp is adding consumer branches in four new U.S. states, it said on Tuesday, bringing its national footprint closer to rival JPMorgan Chase & Co .

US bank profits to drop but industry stable after March crisis -analysts

16, Nov, 23

U.S. bank profits are expected to shrink in the coming months, but the industry has regained its footing after the biggest bank failures since the 2008 financial crisis, analysts said.

Goldman, HSBC join forces with other banks on client disclosures

26, Sep, 23

Goldman Sachs and HSBC (HSBA.L) are among a group of five banks adopting a common global approach to disclosing clients' stock positions, a move which participants say could help cut costs and bolster transparency.

Analysts at China's CICC told not to publish bearish views, wear luxury items -memo

03, Dec, 23

China International Capital Corp (CICC) (3908.HK), the country's third-largest investment bank by market value, has told analysts not to publish bearish views on China's economy or its financial markets, according to an internal memo seen by Reuters.

JPMorgan Promotes Banking Executives Under Petno, Gori

05, Apr, 24

JPMorgan Chase & Co.’s Doug Petno and Filippo Gori promoted a handful of executives in its expanded global banking unit, the latest in a series of management moves across the biggest US bank’s Wall Street operations.

BofA appoints 334 new managing directors, down 8% from last year

11, Dec, 23

Bank of America (BAC.N) on Monday promoted 334 employees to become managing directors, a cohort that was 8% smaller than in the previous year.

Wells Fargo to cut less than 50 investment banker jobs - source

15, Nov, 23

Wells Fargo (WFC.N) has let go of less than 50 bankers from its corporate and investment banking unit as part of year-end pruning, a source familiar with the matter said on Tuesday.

'Identify stress points, adverse exposures': What FM Sitharaman told state-run banks amid global turmoil

25, Mar, 23

India Business News: With the global banking sector plunging into turmoil after the Silicon Valley Bank collapse in US, the Centre on Saturday asked all public sector len

Japan's top lenders in fresh drive to win US investment banking deals

03, Jul, 23

Japan's top lenders aim to carve out a larger presence in U.S investment banking as they look to make better use of their massive balance sheets by winning a bigger slice of deals, executives say.