JPMorgan Chase & Co has announced the appointment of Winfried Bischoff as Chairman of JPMorgan Securities Plc in Europe, following his chairmanship at Citigroup Inc and Lloyds Banking Group Plc, replacing Tom Hoppe.
JPMorgan continues to make moves this summer, having previously made a variety of appointments across its foreign exchange and Chinese divisions. Mr. Bischoff has personally overseen the restructuring and management of Lloyds and Citigroup, seemingly rescuing the former from a debilitating bailout of $31 billion during the height of the global financial crisis.
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Mr. Bischoff, a 50-year veteran to the financial services industry will succeed Tom Hoppe after a brief stint as a Chairman of the UK’s Financial Reporting Council. Prior to this role, Mr. Bischoff has been an active Chairman at Citigroup Inc and Lloyds Banking Group Plc, part of a lengthy tenure in the banking sector.