JPMorgan Chase names Greg Guyett co-head of Asia-Pacific banking: Bloomberg
(Reuters) - JPMorgan Chase & Co named Greg Guyett co-head of Asia-Pacific banking as part of a management restructuring in the region, Bloomberg reported, citing a memo.
Guyett will succeed Therese Esperdy, who is returning to the United States to become global chairman of the financial institutions group, the report said.
The changes are part of a management shuffle in China in the wake of a probe by U.S. regulators into JPMorgan’s Asian hiring practices, Bloomberg said.
Guyett was named chief executive of JPMorgan’s Greater China region in March, last year. (bloom.bg/1sE53TG)
JPMorgan said it hired former UBS AG banker David Li as its new China head, reinforcing its investment banking clout in the world's second-largest economy after the departure of top China banker Fang Fang in March.
Guyett will oversee investment banking, equity markets, and other operations in the Asia-Pacific with Tom DuCharme, according to the Bloomberg report.
JPMorgan did not immediately respond to requests to comment.
(Reporting by Subrat Patnaik; Editing by Lisa Shumaker)
Trending On Reuters
We are living longer but not creating financial plans to keep pace. Advisers give tips on how to make sure you don’t outlive your money. Video