JPMorgan Chase & Co., the biggest
U.S. bank by market value, hired Citigroup Inc.’s Andrea Grandi
to oversee its corporate banking business in Italy.
Grandi, based in Milan, will report to Eva Lindholm, head
of JPMorgan’s global corporate bank in Europe, the Middle East
and Africa, and to Francesco Rossi Ferrini, senior country
“Andrea joins in this newly created position at a time of
great momentum as JPMorgan grows its corporate-banking business
globally,” Lindholm said in an e-mailed statement.
Citigroup will replace Grandi shortly, said a spokesman for
the U.S. bank in Milan, declining to elaborate. Grandi reported
to Pier Luigi Colizzi, head of banking in Italy.
Italian daily Il Sole 24 Ore reported the hire earlier.
To contact the reporter on this story:
Elisa Martinuzzi in Milan at
To contact the editor responsible for this story:
Edward Evans at