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 Carlos Hernandez, 52, who formerly headed services for institutional
investors, will become co-head of global banking alongside Jeff
Urwin, Pinto said in a memo to employees. The two will manage
corporate banking, treasury services and investment banking
worldwide.
Jeff Bosland, 47, who had been a sales and marketing chief and
former public finance head, will become head of treasury services
and will report to Hernandez and Urwin.
John Horner, 44, will succeed Hernandez as head of investor
services. Horner has been over the financing business within the
markets and investor Services unit.
The moves follow a March 25 announcement that Mike Cavanagh, who was
co-CEO with Pinto of corporate and investment banking, was leaving
the company to join private equity firm Carlyle Group LP. Also, late
last year Don McCree, who headed treasury services and corporate
banking, decided to leave JPMorgan after 30 years at the bank.
McCree, 52, will shift his duties to Hernandez and Urwin over the
next few months, the memo said.
Pinto also said that Joyce Chang will become global head of
research, succeeding Tom Schmidt, who decided earlier this year that
he wanted a new job. Chang previously led both global fixed income
and merging markets research teams.
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At the same time, Pinto realigned fixed-income executives in the
markets business. James Kenny and Troy Rohrbaugh will be co-heads of
global rates, commodities and emerging markets. That move follows
the announcement last week that commodities chief Blythe Masters
would leave the company following its sale of its physical
commodities business.
Guy America and Matt Cherwin will be co-heads of global credit,
which includes emerging markets credit, securitized products and
public finance, the memo said.
The memo was reported earlier on Monday by the New York Times.
(Reporting by David Henry in New York; editing by Jonathan Oatis)
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