Boston, MA 06/02/2014 (wallstreetpr) – JPMorgan Chase & Co. (NYSE:JPM), the largest U.S. bank in terms of assets, consigned the lead role in foreign exchange and emerging markets to Pranav Thakur and Claudia Jury.
Since the departure of Mike Cavanagh, JPMorgan Chase & Co. (NYSE:JPM) has been busy reshuffling duties and has now announced that Jury and Thakur will act as the global co-heads. Jury was, before taking over the new responsibilities, engaged with overseeing global foreign exchange spot trading. Thakur was responsible for running rates as well as curries in the whole of Asia, except only in Japan. Apart from this, it also named Kanav Bhagat as the global head of rates. He was previously the head of the U.S. trading rates and is now taking over Troy Rohrbaugh’s starting 2012’s role.
The news which came to the employees as a memo from the co-heads of global rates, namely Rohrbaugh and James Kenny, has been confirmed by a company spokesman in London. As advised by the co-heads, the team is targeting to concentrate on taking advantage of the chances being offered by the changing market structures. In addition, it will also monetize opportunities coming from competitive landscape. The team will work with the aim of growing the company’s client franchisee, as the co-heads declared in the memo.
Shuffle In Roles
Kenny and Rohrbaugh were named co-heads for global rates, commodities and emerging markets and foreign exchange by the head of the investment and corporate bank for JPMorgan Chase & Co. (NYSE:JPM), Daniel Pinto. The two were assigned these duties last month, while Pinto is revamping reporting lines from the unit. He had become the sole chief executive of the division after Cavanagh moved to join Carlyle Group LP, a private equity firm.
The global chief of foreign exchange forwards trading, Thomas Pluta, has also been showered with extra responsibilities of global chief of short term interest rate trading.
