JPMorgan Chase & Co has revamped its equities division, appointing Mark Leung and Jason Sippel as Global co-Heads of Equities, which follows on the heels of the recent departure of Tim Throsby earlier this week, according to a Reuters report.
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The move was necessitated by Throsby’s exit, which saw him part ways with JPMorgan for Barclays. Mr. Throsby had joined JPMorgan in 2010, focusing on its equities business. In his place, the lender has opted to go with two individuals to replace him, with Mr. Leung and Mr. Sippel stepping into their respective roles with immediate effect.
In this capacity they will be reporting to Daniel Pinto, Chief Executive of JPMorgan’s Corporate & Investment Bank. Both individuals have lengthy experience at JPMorgan, with Mr. Leung joining the group in 1997. Over nearly two decades he has held a number of senior roles, including several rates and derivatives trading positions. His most recent position was Head of Equities Trading – Asia-Pacific (APAC).
Mr. Sippel will be promoted to the new role after nearly fourteen years at JPMorgan. He has garnered lengthy experience in the bank’s prime services business. Per the new appointments, both Mr. Leung and Sippel will also help oversee JPMorgan’s prime services business, joining the CIB management team.