JPMorgan to Announce New Global Investment Banking Co-Heads

JPMorgan Chase & Co. is set to overhaul the upper ranks of its investment bank as part of a broader reorganization, according to a person familiar with matter.

The reshuffle is set to be announced to staff on Wednesday, the person said. 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, according to a report by the Financial Times, citing people familiar with the matter.