JP Morgan Chase has announced new responsibilities for three members of its senior leadership team:
- Heidi Miller, head of treasury and securities services (TSS), has been named president of international, a newly-created role.
- Michael Cavanagh, chief financial officer (CFO), will succeed Miller as chief executive officer (CEO) of TSS.
- Doug Braunstein, head of investment banking, Americas, will succeed Cavanagh as CFO.
As part of the announcement, the company has created the new role of president of international. JP Morgan Chase has built an international banking franchise, but the company believes prospects for further growth in all of its businesses outside the US are significant. This important new role will augment – not replace – business lines around the world, helping them accelerate and prioritise their efforts and their investments for growth.
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