March 28 JP Morgan Chase & Co has named
Greg Guyett and Rob Priestley as its new chief executives for
the Greater China and ASEAN regions, respectively, according to
an internal memo obtained by Reuters on Thursday.
These appointments follow a global restructuring of JP
Morgan that began last summer, which saw the firm combine its
corporate and investment banking operations into a single unit.
Guyett had been CEO of JP Morgan's global corporate bank
until that restructuring, which triggered a management reshuffle
that left his role at the bank uncertain after Mike Cavanagh and
Daniel Pinto were named to run the newly merged global corporate
and investment banking unit.
In these newly created roles, Guyett and Priestley will
report to Nicolas Aguzin, chief executive of the bank's Asia
Pacific business. Aguzin was appointed deputy CEO for Asia
Pacific in December as part of the global reshuffle, and became
the firm's chief executive for the region this March.
Guyett will oversee the firm's operations in China, Hong
Kong, and Taiwan. Priestley will oversee Indonesia, Malaysia,
the Philippines, Singapore, Thailand and Vietnam.
Guyett's 27-year career at JP Morgan included a stint as the
firm's senior country officer for Japan from 2007 until January
2010, when he moved to London to head the newly created global
corporate bank unit that he had been running since November
Priestley is the firm's senior country officer for Australia
and New Zealand, duties that he will maintain in addition to his
new role. A 19-year veteran of the firm, Priestley has worked as
head of fixed income for JP Morgan in both Asia Pacific and
Europe, Middle East and Africa.
A JP Morgan spokeswoman confirmed the contents of the memo.