JPMorgan has promoted the next generation of trading talent
REUTERS/Lucas Jackson
JPMorgan has made a round of promotions in its equities business, following the appointment of new global coheads of that business.
The bank announced in September that Mark Leung and Jason Sippel would become global heads of equities, replacing Tim Throsby, who moved to Barclays.
In a memo sent Wednesday, Leung and Sippel announced a raft of promotions below them. They include:
- Fater Belbachir will be head of volatility trading globally and relocate to London from New York. He had previously headed volatility trading and structuring for the Americas.
- Luiz de Salvo and Dennis Fitzgerald will become heads of global cash trading and also lead the Americas region. They previously headed cash equities trading in the Americas.
- Chris Berthe and Charles Chiang will head global delta one, and they will develop the synthetic equity business along with the prime business.
- David Robertson will take responsibility for JPMorgan's international financing business.
- Paul Brannan and Jonathan Cossey will become heads of prime brokerage. Brannan was previously US head, and Cossey led Europe, the Middle East, and Africa.
JPMorgan ranked No. 2 on Wall Street for equities revenue in the first half, according to data from Coalition, with a No. 1 position in equity derivatives.
"We are positioned incredibly well and yet, we still see more opportunities for us to invest and grow," Daniel Pinto, the CEO of the corporate and investment bank, said in a memo announcing the appointment of Leung and Sippel.
NOW WATCH: JAMES ALTUCHER: This is why owning a home is financial suicide