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.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.