JPMorgan Chase & Co has appointed a brand new head of debt capital markets for its Brazil operations. Taking on the place is Lucianna Lorenzo, a long-time veteran with the multinational funding financial institution.
According to an article from Reuters, which sources an inner assertion made by JPMorgan on Thursday, Lorenzo is changing Ricardo Leoni who can also be a long-time worker of the agency. He was named as the top of company banking for Latin America earlier this yr.
No particulars have been disclosed as to the explanation for Leoni stepping down from his place. It can also be not clear whether or not he has left JPMorgan fully or he has merely relinquished the position of head of debt capital markets of Brazil.
Lorenzo, alternatively, initially joined JPMorgan 17 years in the past in 2001. During her profession with the American-based firm, she has predominately labored in gross sales for monetary establishments.
JPMorgan invests in AccessFintech
The information of the appointment follows on the heels of AccessFintech, a startup that sells know-how which allows monetary corporations to handle enterprise errors extra successfully, saying that it had obtained a money injection of $17.5 million from high Wall Street banks, together with JPMorgan.
As Finance Magnates reported on Thursday, JPMorgan, together with Goldman Sachs Group Inc, Citigroup Inc, and Credit Suisse Group AG, have been working each with the startup individually and as a gaggle over the previous 12 months, to help within the creation of know-how which is able to assist enhance the effectivity of banks and monetary establishments.
Ana Capella, MD and Head of Strategic Investments at JPMorgan Chase & Co commented on Thursday: “We have been lucky to have been an early adopter of AccessFintech and thus capable of vet its worth proposition by way of actual life eventualities.”
“Once we understood the impression on the operational mannequin of the monetary contributors it was a fast choice to offer the monetary backing and the momentum to develop this a real cloud primarily based resolution, whereas guaranteeing it maintains its independence to service the complete ecosystem.”