JPMorgan announces Steve Groppi's replacement

The bank''s regional treasury services will be headed by Alexander Caviezel, a 20-year JPMorgan veteran.

A few months after Steve Groppi's departure from Asia, JPMorgan has named Alexander Caviezel as head of its global payment, trade finance and treasury management business in the region. Groppi, who moved to London to take responsibility for the bank's treasury services in Europe, the Middle East and Africa, has been watching over Asia while a replacement was found. Caviezel will relocate to Hong Kong and take up the new job in September.

Caviezel is currently based in London and has been with the bank since 1983 when he joined Chase Manhattan Bank in Germany as an internal auditor. He then assumed a corporate finance role with Chase in Zurich before moving...

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