JPMorgan named Claudia Jury and Pranav Thakur as global co-heads of foreign exchange and emerging markets, part of a wider reshuffle prompted by the surprise departure of Mike Cavanagh two months ago.
Bloomberg News reports that Kanav Bhagat, who was head of U.S. rates trading, will become global head of rates, according to a memo to employees from James Kenny and Troy Rohrbaugh, co-heads of global rates, foreign exchange, commodities and emerging markets. Bhagat is filling a role that Rohrbaugh had starting in 2012.
'This team will focus on monetizing the opportunities made available by changes in market structure and the competitive landscape while also continuing to aggressively grow our client franchise', the co-heads said in the memo.
Daniel Pinto, head of the corporate and investment bank for JPMorgan, named Kenny and Rohrbaugh co-heads of global rates, foreign exchange, commodities and emerging markets last month. Pinto, 51, is overhauling reporting lines across the division after becoming its sole chief following Cavanagh’s move to private-equity firm Carlyle Group LP.
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