J.P. Morgan Taps New Heads of Equities
September 07 2016 - 2:42PM
Dow Jones News
J.P. Morgan Chase & Co. said Wednesday that two longstanding
executives, Mark Leung and Jason Sippel, will become global
co-heads of equities.
The move comes days after Barclays PLC said Tim Throsby, who had
previously been at the helm of J.P. Morgan's equities business,
would move to the U.K. bank.
Mr. Leung and Mr. Sippel will also manage the prime-services
business as well, alongside James Kenny, the New York bank's head
of investor services, according to an internal memo reviewed by The
Wall Street Journal.
Mr. Leung and Mr. Sippel will join the management team for the
corporate and investment bank and report to division head Daniel
Pinto.
J.P. Morgan has been working on bolstering its equities team
over the past few years. In the memo, Mr. Pinto acknowledged Mr.
Throsby's contributions over the past six years but added that the
bank still sees "more opportunities…to invest and grow."
Mr. Leung and Mr. Sippel have held a variety of roles at the
bank. Mr. Leung used to run the Asia Pacific Equities group, and
Mr. Sippel previously oversaw the bank's prime-brokerage group.
Write to Emily Glazer at emily.glazer@wsj.com
(END) Dow Jones Newswires
September 07, 2016 14:27 ET (18:27 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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