US based investment bank JP Morgan Chase & Co has appointed Greg Guyett and Rob Priestley as its new chief executives for China and ASEAN regions, respectively.
Reuters reported citing an internal memo that Guyett will oversee the firm’s operations in China, Hong Kong, and Taiwan, while Priestley will manage the operations in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam.
These appointments follow a global overhaul of JP Morgan, which started in July 2012, under which the lender unified its investment bank (IB), treasury & securities services (TSS), and the global corporate bank into a single unit namely Corporate & Investment Bank.
After revamp and subsequently establishment of new global corporate and investment banking unit, the lender named Mike Cavanagh and Daniel Pinto to manage the business, while the future of Guyett, who had been acting as CEO of the until, remained in limbo.
With a strategy to fill this void, the bank created these new roles and appointed Guyett and Priestley, who will report to Nicolas Aguzin, chief executive of the bank’s Asia Pacific business.