JPMorgan replaces European banking boss who was doing job from New York

Digest opened free editor

Rola Khaleda, FT editor, chooses her favorite stories in this weekly newsletter.

JPMorgan Chase replaced its European president, who moved to New York this year, installed two bankers in London and Paris to participate in the leadership of its business in Europe, the Middle East and Africa.

Filippo Guri, who is still a major banker at JPMorgan as a co -commander of global banking, will be replaced by Konor Hilli and Matteo Witz in his European role, according to the internal notes witnessed by the financial Times. Hillery and Wiltz will act as executive officials participating in the regional operations of the Wall Street Bank.

The move comes after FT revealed in June that Gori was in the process of moving from London to New York, but would keep his role in the European Business Administration.

In addition to his European responsibilities, GORI was upgraded last year to the Global Banking Department of JPMorgan, one of its main business lines in its commercial and investment bank (CIB).

“With Philipo transferred to New York now, given time [global banking] It requires working from him, he felt that it was the time to make this transition. “

Hilli, head of investment banking at JPMorgan in Europe, the Middle East, Africa, and Woez, the head of its sales to the region, has also worked as the European Vice President of the European Business for the lender since 2024. He will join the CIB Group management team and present a report to Petno, Rohrbau and Erdoes.

In a separate note, Gori said: “With my move to New York in the summer, it was now logical to pass the stick” both “.

While supervising a UK -based bank from the United States is unconventional, it is not without a precedent.

Sir Mark Taker, who headed HSBC, is based in London until last week, lives in New York, while Barclays Cs Venkatakrishnan will divide his time between the United States and the United Kingdom.

JPMorgan has reorganized the investment bank in recent years and has reshaped leadership roles throughout the group as a handful of executives on Khalaf Jimmy Damon, CEO, who has run the bank since 2006.

The main competitors on the back of Damon are Petno, Rohrbau and Marianne Lake, president of the PPMorgan Consumer Consumer.

Jpmorgan refused to comment behind the notes.