JPMorgan re-shuffles the deck

Investment bank re-jigs investment banking, as ECM and DCM move closer together.

JPMorgan has announced a series of internal moves to make its reporting lines simpler and capitalise on a stellar year in 2004. The most significant change will see Sean Wallace move from being co-head of Asian investment banking to a new role as head of Asian capital markets.

This is a division JPMorgan set up globally last year under Carlos Fernandez. Within this division, there will remain distinct equity capital markets ECM and debt capital markets DCM teams, although the firm hopes to ensure greater dialogue between the two thanks to Wallace ,who will oversee both

Todd Marin, who was Wallace's co-head of Asian investment...

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