JP Morgan Chase & Co, a leading multinational banking and financial service provider recently revealed two major changes made to its senior level leadership and management team. As per statement released by the firm, it has promoted two of its senior level executives to new roles with Mr. Nicolas Aguzin – current head of APAC region promoted to role of head of the bank’s international private banking business division while the role of Chief Executive Officer for Asia Pacifc region is being handed to Mr. Filippo Gori a veteran at the firm who has served for more than two decades. The newly appointed Head of APAC region, joined the bank back in January of 2000 post graduating with a masters degree in economics from Bocconi University in Italy.
As the newly appointed head of Asia Pacific region, Mr. Gori will be overseeing the bank’s strategy and operations across 17 major markets in APAC region. During his multi-decade long career with the US banking giant, he had climbed his way up the corporate ladder steadily and served in numerous key roles across the bank’s corporate, investment bank and asset & wealth management divisions. As per information in his LinkedIn account, he most recently held the role of Managing Director and deputy CEO of APAC region under Mr. Nicolas Aguzin. He will take on his new role as CEO of APAC region alongside his other roles – CEO of Hong Kong and head of banking for APAC region and report to Mary Erdoes – CEO of asset & wealth management unit and Daniel Pinto – Co-President at JP Morgan.
This move made in senior level executive committee of the region is said to be a part of the bank’s docket to fulfill taking full ownership over its mainland operations in securities, asset management and futures/operations sectors as its gears to celebrate its 100th anniversary in China. Meanwhile Mr. Aguzin who takes on the role of CEO of International Private Bank is expected to retain his role as Chairman of APAC as per information in his LinkedIn account. Mr. Aguzin has been a part of JP Morgan for nearly three decades now having started his term with the bank in 1990. He held numerous roles in Argentina and New York offices during his first decade with the bank post which he has held key senior level roles such as Head of M&A and Investment Banking division in Latin America, CEO of Latin America and Chairman/CEO of Asia-Pacific region. The update of changes made to the executive committee were first made public via an article in South China Morning Post which along with several other major news outlets had received an internal memo from the bank revealing changes made to roles of these two executives.