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JPMorgan Chase reorganized the leadership in its investment bank, promoting a new head in North America to succeed Fernando Rivas, who plans to retire, according to a memo seen by Reuters. Rivas, who previously ran the financial institutions group, was one of JPMorgan's lead negotiators in its purchase of failed First Republic Bank in May. He will be replaced by Jay Horine, who is currently the global industry co-head for energy, power and renewables, metals and mining (EPRM), according to the memo.

United statesNew yorkFernando rivasSamik chandaranaNupur anandJim caseyJay horineMark porterLananh nguyenDavid gregorioFirst republic bankNorth americaVis raghavanJpmorgan chaseFernando rivasInvestment bank