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J.P. Morgan Says Jeff Urwin To Take On Addnl. Role Of CEO, Asia Pacific

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4/24/2012 4:37 AM ET

J.P. Morgan, the investment banking arm of JPMorgan Chase & Co. (JPM: Quote), said that Jeff Urwin, Head of Global Investment Banking Coverage, Capital Markets and Mergers & Acquisitions, will take on the additional role of CEO of Asia Pacific, based in Hong Kong. Urwin will be responsible for overseeing all of J.P. Morgan's strategic activities in the region, along with his current global banking responsibilities.

This is the first time J.P. Morgan's global head of investment banking will be based in Asia Pacific. He will relocate to Hong Kong from New York in May and continue to report to Jes Staley, CEO of the Investment Bank.

Urwin will succeed Gaby Abdelnour, the current head of Asia Pacific, who announced in March that he would be leaving the bank this summer after 14 years with the firm.

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by RTT Staff Writer

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