JPMorgan confirms high-level team in Australia

The US firm names Tim Fletcher and Shaun Treacy as co-heads of investment banking and Mike Tilley as vice chairman.

Five months after Trevor Loewensohn deserted to UBS, JPMorgan has named its high-level management team for Australia - the firm's biggest market in Asia Pacific ex-Japan. Tim Fletcher and Shaun Treacy have both been promoted within the bank to become co-heads of investment banking. Fletcher will be based in Sydney, while Treacy will run the Melbourne operation.

The two will report to Rob Priestley, senior country officer for Australia and New Zealand, and to Sean Wallace...

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