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 US$2 trillion this month, up 33 per cent 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 per cent 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 & Retail | Jeannette Smits Van Oyen and Patrick Gallagher |
|---|---|
| Diversified Industries | Mark Marengo |
| Financial Institutions Group | Usman Ghani and Laurent Nevi |
| Healthcare | Jerry Lee and Nick Richitt |
| Media & Communications | Eric Menell |
| Mid-Cap Investment Banking and Business Services | John Richert |
| Natural Resources Group | Jonathan Cox, Jennifer Dooly and James Janoskey |
| Real Estate | Sal Gambino and Tom Grier |
| Strategic Investors Group | Catherine O’Donnell and Avery Whidden |
| 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)
