Win Bischoff, chairman of Britain's accounting watchdog the Financial Reporting Council, will also become chairman of JPMorgan Chase's European arm from January, the investment bank said on Tuesday.
Reuters reports his appointment to JPMorgan comes at a time when British lawmakers are keen for the FRC to scrutinise the accounts of banks more closely.
Bischoff's appointment at the bank has been approved by the banking sector's two main regulators, the Financial Conduct Authority and the Bank of England's Prudential Regulation Authority, the FRC said.
Bischoff took up the reins at the FRC earlier this year after stepping down as chairman of Lloyds Bank. He will work about two days a week at the bank and two and a half days at the watchdog.
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Bischoff to become chairman of JPMorgan in Europe
Bank of England likely to keep markets guessing on rates