JPMorgan Shuffles Investment Bank Roles, Elevates Troy Rohrbaugh
- Co-President Pinto delegates responsibility to lieutenants
- Bank reduces size of CIB management team to 18 from 25
Pedestrians walk past JPMorgan Chase & Co. headquarters in New York.
Photographer: Scott EellsThis article is for subscribers only.
JPMorgan Chase & Co. is shuffling roles within its corporate and investment bank in a shift that streamlines the company’s trading and treasury operations, according to a memo sent to employees.
In the biggest change, the bank elevated bond veteran Troy Rohrbaugh to head of global markets, where he’ll oversee all of fixed-income and equity trading. Rohrbaugh, previously head of macro trading, joined JPMorgan in 2005 and has been critical in decisions to invest in electronic and mobile trading improvements across asset classes.