J.P. Morgan makes Carlos Hernandez head of investor services
J.P. Morgan Chase has appointed Carlos Hernandez as head of investor services. The firm has also announced new leadership for the corporate and investment bank division that was formed in July 2012.
The firm made changes to its management in July following billion-dollar trading losses in its chief investment office. It made Daniel Pinto and Mike Cavanagh the heads of the corporate and investment bank.
In his new role, Hernandez, who previously ran equities, will be in charge of J.P. Morgan’s new business that combines the prime brokerage, financing and securities services units.
Tim Throsby, who led equity derivatives, will replace Hernandez as head of equities.
