Reply #78: JPMorgan Shuffles Its Capital Markets Leadership [View All]

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http://dealbook.nytimes.com/2011/11/01/jpmorgan-shuffles-its-capital-markets-leadership/

JPMorgan Chase has reorganized the management of its capital markets operations, putting both equity and debt capital markets under single global leadership teams, the firm announced in an internal memorandum reviewed by DealBook on Tuesday.

The firm has created a global debt capital markets group that will manage a broad spectrum of products, from investment-grade bonds to junk bonds and leveraged loans, as well as restructuring. The team will be led by JPMorgan’s current heads of syndicated leveraged finance, Andy O’Brien and Jim Casey, according to the memo from Jeff Urwin, the firm’s head of global investment banking coverage, capital markets and mergers and acquisitions.

Through the reorganization, Mr. O’Brien and Mr. Casey will be taking over the high-grade bond team formerly led by Therese Esperdy, who moved to Hong Kong earlier this year to become co-head of Asia Pacific investment banking. The two men will remain based in New York.

JPMorgan has also reorganized its various regional equity capital markets teams under a single global group managed by Vis Raghavan, the firm’s London-based head of international capital markets.