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LONDON--([ BUSINESS WIRE ])--J.P. Morgan (NYSE: JPM) today announced that David Mayhew, Chairman of J.P. Morgan Cazenove, has been named a Vice Chairman of the global Investment Bank. He will report to Jes Staley, CEO of the Investment Bank and head of the firmas international business. Tim Wise, Deputy Chairman of J.P. Morgan Cazenove, will become Chairman of J.P. Morgan Cazenove, reporting to Emilio Saracho, head of EMEA Investment Banking.

"Two years after announcing a fully integrated J.P. Morgan Cazenove, Iam delighted to note that we have kept our promise to create the U.K.as leading investment bank."

aIt is pleasing to see J.P. Morgan Cazenove flourishing seven years after the two firms first shook hands,a said Mayhew, referring to the original joint venture. aTwo years after announcing a fully integrated J.P. Morgan Cazenove, Iam delighted to note that we have kept our promise to create the U.K.as leading investment bank.a

Mayhew added, aWith J.P. Morgan Cazenove in such good form, I am looking forward to spending more time with our clients. Tim and I have been working together for some time and I am delighted that we have a person of his calibre to take on the role of Chairman.a

Through October, J.P. Morgan Cazenove maintained its status as the U.K.as top corporate broker, acting as advisor to 35 companies in the FTSE 100 and 99 companies in the FTSE 250, according to Hemscott. The bank also ranked #1 in U.K. equity capital markets, #2 in U.K. mergers and acquisitions and #1 in overall U.K. wallet share, according to Dealogic.

aIt is a privilege to take on this new role,a said Wise. aWe have a very strong team and I am confident that we can continue the successes of recent years. I have been fortunate to work alongside David for the last 12 years. He sets the standard to which we all aspire and Iam delighted that we will continue to work closely together.a

In addition to his role as Deputy Chairman of J.P. Morgan Cazenove, Wise is an original member of the executive committee formed when the two firms first created a joint venture in 2004. He joined Cazenove in 1999 and became head of Corporate Finance in 2001. Prior to Cazenove, Wise was a senior banker in corporate finance at Dresdner Kleinwort Benson.

aDavid and Tim are exceptional bankers,a said Staley. aThey represent the stability of our management team and the depth of talent that allows us to maintain consistent service to clients year after year.a

J.P. Morgan and Cazenove first announced a joint venture in November of 2004 to provide investment banking services to clients in the U.K. Five years later, in November of 2009, Cazenove announced that it would become a wholly owned part of J.P. Morgan.

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About J.P. Morgan

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.3 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the worldas most prominent corporate, institutional and government clients under its J.P. Morgan, Chase, and WaMu brands. Information about JPMorgan Chase & Co. is available at [ www.jpmorganchase.com ]