JPMorgan rejigs investment bank leadership in wider overhaul

By Tatiana Bautzer and ‌Nupur Anand

May 13 (Reuters) - ​JPMorgan ​Chase is overhauling its investment bank leadership as part of a wider reorganization, the largest U.S. lender said on Wednesday.

As part of the ‌reshuffle, investment banking coverage chief Dorothee Blessing, global head of ⁠capital markets Kevin Foley and global co-head of the financial institutions group Jared Kaye have ‌been appointed as the new ‌co-heads of global investment banking.

JPMorgan veteran Anu Aiyengar, former global head of M&A, becomes global chair of investment banking and M&A, stepping away from day-to-day managerial ​responsibilities. Charles Bouckaert was promoted from co-head of industrials investment banking to global head of M&A.

The overhaul comes as global dealmaking continues to ⁠accelerate in 2026 despite market volatility linked to the Iran war. Record megadeals are fueling a sharp ​rise in global M&A activity, with announcements reaching $2 trillion this month, up 33% from the same period a year earlier, ​according to Dealogic data.

A friendlier U.S. regulatory ‌regime, large investments in infrastructure by AI companies, and big initial public offerings are expected to continue to raise deal ⁠values.

JPMorgan remains the global leader in investment banking revenue, and fees rose 28% in the first quarter of 2026. Goldman Sachs is the global leader in M&A ⁠advisory.

JPMorgan also changed the structure of sector coverage, creating global investment banking head roles for ​each industry, replacing a former division between coverage and M&A heads. The Financial Times first reported the changes on Tuesday.

Here's a look at JPMorgan's global industry heads of ‌investment banking:

Consumer & Jeannette Smits Van Oyen and

Retail Patrick Gallagher

Diversifie Mark Marengo

d

Industries

Financial Usman Ghani and Laurent Nevi

Institutio

ns Group

Healthcare Jerry Lee and Nick Richitt

Media & Eric Menell

Communicat

ions

Mid-Cap John Richert

Investment

Banking

and

Business

Services

Natural Jonathan ‌Cox, Jennifer Dooly and

Resources James Janoskey

Group

Real Sal Gambino and Tom Grier

Estate

Strategic Catherine O'Donnell and Avery

Investors Whidden

Group

Technology Chris Grose ⁠and Greg Mendelson

(Reporting by Tatiana ‌Bautzer and Nupur Anand ​in New York and Akanksha Khushi and Arasu Kannagi Basil in Bengaluru; Editing by Sherry Jacob-Phillips, Mrigank Dhaniwala, Vijay Kishore, ‌Rod Nickel)

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