Mr. Urwin will come to be the mind of worldwide purchase consumer banking coverage, budget marketplaces and mergers and acquisitions, according for the memo from James E. Staley, the chief executive of JPMorgan's purchase bank. It is generally a part that may be vacant for years.
Mr. Urwin was previously a co-head of purchase consumer banking at Bear Stearns, which JPMorgan acquired inside the spring of 2008. He started at Bear in 1996, ultimately increasing to co-head of worldwide purchase consumer banking there, and previously worked at Lehman kin and Samuel Montagu & organization of Britain.
JPMorgan's other co-head of North American purchase banking, Kevin Willsey, will stay in that role. He was previously the mind belonging to the firm's equity budget and derivative markets. He started functioning at J.P. Morgan & organization in 1989, having a stint at Goldman Sachs from 2000 to 2002.
Mr. Urwin and Mr. Willsey assumed the North American purchase consumer banking roles final yr once they succeeded Douglas Braunstein, who started to be JPMorgan's chief monetary officer.
JPMorgan will identify a alternative for Mr. Urwin soon, according for the memo.
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