Management mash-up in JP Morgan’s investor services
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Management mash-up in JP Morgan’s investor services 22 June 2015London Reporter: Stephanie Palmer
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JP Morgan’s investor services management team has undergone a significant reshuffle, according to an internal memo.
Teresa Heitsenrether will become global head of custody and fund services, moving on from her post as global head of prime brokerage, which she held for three years. Nick Rudenstine is said to be exploring new opportunities within the firm, but will work closely with Heitsenrether.
Jason Sippel is moving in to the position of global head of prime services, including prime brokerage and equity financing, agency clearing and collateral management. Previously, he was head of American equities trading, and will now relocate to London.
Paul Brannan will now be head of prime brokerage for the Americas, and will report to Sippel. Previously, Brannan led the development of JP Morgan’s Investor Services Client Service function, and he has also served as global head of account management for prime brokerage, and head of prime brokerage sales in the Americas.
Emily Portney remains in her position as global head of agency clearing, and will also report to Sippel.
Finally, Patrick Moisy is to take responsibility for capital and funding activities across investor services and equities, with the intent to drive balance sheet optimisation and funding. Moisy has led equity financing within JP Morgan for the last two years, and has been credited with helping establish the firm as a market leader in this space.
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