JPMorgan Chase & Co. has appointed Claudia Jury and Pranav Thakur as Global Co-Heads of Foreign Exchange and Emerging Markets, capping a period of reshuffling following the departure of Mike Cavanagh from the company nearly two months ago, according to a Bloomberg statement.
Indeed, two Forex industry mainstays will fill the new position, as Jury has previously served an executive role in overseeing global FX trading, while Thakur has been responsible for rates and currencies in the Asian realm.
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New Co-Heads Portent ‘Aggressive Growth’
According to Claudia Jury and Pranav Thakur in a memo regarding their appointments, “This team will focus on monetizing the opportunities made available by changes in market structure and the competitive landscape while also continuing to aggressively grow our client franchise.”
The appointment comes on the heels of the abrupt departure of Mike Cavanagh from JPMorgan to Carlyle Group LP at the end of March 2014. His void has since created the need to reorganize and calibrate certain positions. JPMorgan remains one of the industry’s most active across Forex volumes, while the team will utilize their diverse experience in a bid to foster new expansion for the company.