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.Reporting by Nupur Anand in New York; Editing by Lananh Nguyen and David GregorioThomson ReutersNupur Anand is a U.S. banking correspondent at Reuters in New York. She focuses on JPMorgan Chase, Wells Fargo and regional banks. 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. She has a degree in English literature from Delhi University and a postgraduate diploma in journalism from the Indian Institute of Journalism & New Media in Bangalore. Anand is also an award-winning fiction writer.
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.
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.