The head of J.P. Morgan's European operations will be transferred from London to New York.

Filippo Gori, head of J.P. Morgan's European operations, will be transferred to New York and will continue to oversee the bank's business in Europe, the Middle East, and Africa. A source familiar with the matter revealed that Gori, who will also serve as co-head of global banking alongside John Simmons in New York, will continue to work in EMEA for at least half of his time. This transfer will allow him to advocate for international business at the bank's New York headquarters.