JPMorgan has bolstered its credit product development team with a new senior hire, appointing Ryan O’Grady as its newest head after a lengthy tenure with the lender, according to a Reuters report.
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In his new role as the Head of JPMorgan’s Credit Product Development Team, Mr. O’Grady will focus exclusively on the group’s international syndicate work, where he will continue to be based out of London. Previously, he served as the co-head of the lender’s Global Debt Syndicate, having stepped into the role over the past few years.
Mr. O’Grady originally joined JPMorgan back in 2000. Over the past sixteen years he has worked in its global debt syndicate, specializing in the fixed income space. The position is also a newly created role, which will see JPMorgan focus on more streamlined delivery of credit products to clients with investment banking coverage and sales teams.
According to a recent memo from Matt Cherwin and Guy America, Co-Heads of Credit Trading & Syndicate, Securitized Products and Public Finance, regarding the new unit’s creation and appointment: “Acting as one global team will promote the sharing of best practices and enable us to better coordinate across products as well as with our partners in coverage.”