The bank's global investment banking chief will be taking over Asia-Pac operations.
Jeff Urwin has been named CEO of Asia Pacific at JPMorgan, a position based in Hong Kong. He will continue in his role as head of global investment banking coverage, capital markets and mergers and acquisitions, making him the first investment banking head in the company's history to be based in the Asia-Pacific region.
"Basing our global head of investment banking in Asia-Pacific further cements our ongoing commitment to the region and its importance to our global franchise," says Jes Staley, CEO of JPMorgan's investment bank.
Gaby Abdelnour, the current head of Asia-Pacific, announced in March that he would be leaving the bank this summer after 14 years with the company. Over the past six years, the Asia-Pacific business has doubled in size and tripled its net earnings.
Before joining JPMorgan, Urwin was co-head of global investment banking at Bear Stearns.
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