JPMorgan makes investment banking leadership changes

JPMorgan named Carlos Hernandez co-head of global banking with Jeff Urwin as corporate and investment-banking chief Daniel Pinto overhauls the division’s leadership.

Bloomberg News reports that Hernandez and Urwin, 58, will manage corporate banking, investment banking and treasury services, according to a staff memo Monday from Pinto.

Hernandez previously led JPMorgan’s investor-services team. Don McCree, 52, who was named head of corporate banking and treasury services in a 2012 reorganization, is leaving the firm, according to the memo.

Pinto, 51, became sole investment-banking chief of the biggest U.S. lender by assets last month after Mike Cavanagh, 48, left to join private-equity firm Carlyle Group. The surprise departure forced Pinto to restructure reporting lines, promoting veterans including Hernandez, who joined JPMorgan in the 1980s and rose to head of global equities and other roles.

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