JPMorgan names new banking co-heads Gori, Petno in global banking unit

JPMorgan names new banking co-heads Gori, Petno in global banking unit

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The new organization structure will merge the commercial, corporate and investment banking franchises under global banking, the bank said, adding that it will be better aligned to the bank’s coverage of clients as they grow in size and complexity.

JPMorgan Chase Appoints Filippo Gori and Doug Petno as Co-Heads of Global Banking in Business Reorganization
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JPMorgan Chase appointed Filippo Gori and Doug Petno as co-heads of global banking in a business reorganization, as stated in a memo viewed by Reuters on Monday.

The bank announced a new organizational structure where commercial, corporate, and investment banking will merge into global banking. This change aims to better match the bank’s coverage of clients as they become larger and more complex.

Gori will serve as both the CEO for Europe, the Middle East, and Africa, and as co-head of Global Banking.

Citigroup (C.N) announced a new organizational structure on Monday, appointing Viswas Raghavan, formerly head of global investment banking at JPMorgan, as the new head of banking at Citi.

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