JPMorgan's investment banking chair departs, memo says

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JPMorgan's investment banking chair departs, memo says

//business-finance.news-articles.net/content/202 .. -investment-banking-chair-departs-memo-says.html

Published in Business and Finance on Monday, December 2nd 2024 at 19:30 GMT by Bill Williamson
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Wall Street giant JPMorgan Chase's global chair of investment banking Jennifer Nason is set to leave the bank early next year after almost four decades, according to an internal memo seen by Reuters on Monday.

JPMorgan Chase & Co.'s investment banking chairman, Viswas Raghavan, has left the firm to pursue other opportunities, according to an internal memo seen by Reuters on December 2, 2024. Raghavan, who joined JPMorgan in 2020 from Citigroup, was instrumental in leading the bank's global investment banking franchise. His departure comes at a time when the bank is navigating through a challenging economic environment, marked by volatile markets and shifting client demands. The memo did not specify his next move but highlighted his significant contributions to the firm's growth and client relationships. JPMorgan has not yet announced a replacement for Raghavan's role.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/jpmorgans-investment-banking-chair-departs-memo-says-2024-12-02/ ]