JPMorgan Divides Capital Markets Teams Into Debt, Equity

JPMorgan Chase & Co., the biggest U.S. bank, separated responsibility for its capital markets business into two groups, naming new heads for equity and debt.

Andy O’Brien and Jim Casey will become co-heads of global debt capital markets, a team combining debt capital markets and leveraged finance, investment-banking chief Jeff Urwin said in an internal memo obtained by Bloomberg. The two previously ran syndicated and leveraged finance in North America together.