JP Morgan Chase (JPM.US) appoints three Global Investment Banking Co-Heads to adjust Global Mergers and Acquisitions leadership.

According to media reports citing informed sources, as part of a larger scale restructuring, J.P. Morgan (JPM.US) is making adjustments to its investment banking leadership. Dorothee Blessing, Global Head of J.P. Morgan's global investment banking business, Kevin Foley, Global Head of Capital Markets, and Jared Kaye, Co-Head of Global Financial Institutions, Inc., will be appointed as Co-Heads of Global Investment Banking. As part of this personnel adjustment, Anu Aiyengar, who has been with J.P. Morgan for 26 years, will become the Global Head of Investment Banking, relinquishing daily management responsibilities. Industrial Investment Banking Co-Head Charles Bouckaert will take over from Anu Aiyengar as J.P. Morgan's Global Head of Advisory and M&A. The report stated that J.P. Morgan announced this restructuring plan to employees on Wednesday, May 13th, and added that the proposed personnel adjustments will incorporate M&A personnel into the industry coverage teams. It is understood that this personnel change comes at a time of heightened global M&A activity, with major Wall Street banks competing for business. According to Dealogic data, driven by technology (especially artificial intelligence) as well as the healthcare and financial services industries, global M&A revenue grew by 19% in the first quarter, reaching a record $113 billion, with some of the largest deals occurring in these sectors. Financial data shows that J.P. Morgan remains a leader in global investment banking revenue, with first-quarter revenue from investment banking reaching $2.883 billion in 2026, an increase of 28.2% year-on-year. The bank has also adjusted its industry coverage structure, creating a Global Head of Investment Banking for each industry, replacing the previous division between coverage sectors and M&A heads.