Jose Berenguer Said to Replace Berquo as JPMorgan’s Brazil CEO
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JPMorgan Chase & Co. named Jose de Menezes Berenguer Neto, once a contender to run Banco Santander SA’s Brazil unit, to succeed Claudio Berquo as head of its own business there, said two people with knowledge of the move.
Berenguer will relinquish the money-management role he has held since March at JPMorgan’s private-equity and hedge-fund unit, Gavea Investimentos Ltda., said the people, who asked to not be identified because the appointment wasn’t announced. Gavea was founded by former Brazil central banker Arminio Fraga.