Finance
JPMorgan Set to Reshuffle Investment Bank Chiefs, FT Reports
The JPMorgan Chase & Co. global headquarters building in New York.
Photographer: Michael Nagle/BloombergJPMorgan Chase & Co. is set to overhaul the upper ranks of its investment bank as part of a broader reorganization, according to a report by the Financial Times.
Investment banking coverage chief Dorothee Blessing, global head of capital markets Kevin Foley, and global co-head of the financial institutions group Jared Kaye will be appointed co-heads of global investment banking, the report said, citing people familiar with the matter. The reorganization is set to be announced to staff on Wednesday, the report said.