JPMorgan Said to Name Erik Bisso to Run CIO in North America

JPMorgan Chase & Co. (JPM) has named Erik Bisso to run the bank’s chief investment office for North America, according to an internal memo sent today.

Bisso ran agency mortgage-backed securities pass-through trading for the New York-based bank, according to the memo, a copy of which was obtained by Bloomberg News. Bill Anast will join JPMorgan in August to replace Bisso in that role, a person familiar with the matter said. Anast previously ran the agency collateralized-mortgage obligation business at Barclays Plc. (BARC)

Bisso’s move “demonstrates our ongoing commitment to developing senior talent and encouraging mobility across the firm,” Matt Cherwin, head of securitized products, and Craig Delany, who runs the global chief investment office, wrote in the memo.

Bisso will replace Irene Tse, the former head of the chief investment office in North America, who left the bank last year to start a hedge fund, people familiar with the plan said at the time.

Liz Seymour, a spokeswoman for JPMorgan and Brandon Ashcraft of Barclays declined to comment.

To contact the reporter on this story: Matthew Leising in New York at mleising@bloomberg.net.

To contact the editor responsible for this story: Alan Goldstein at agoldstein5@bloomberg.net.

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