JPMorgan Chase this week promoted 118 people in global banking and markets to the rank of managing director, the firm’s highest designation outside of the C-suite.
The number is up slightly from the 116 executives the firm elevated to managing director in these business lines last year.
The new MDs sit within JPMorgan’s commercial and investment banking unit, which advises companies with mergers and stock sales and facilitates trades for large investors. In addition to bankers and traders, the company also elevated people who work in functions like legal, risk, and compliance.
The bank began internally announcing promotions across the company on Monday, a person familiar with the matter said. It’s part of an annual investment banking ritual the bank engages in each April.
Eighty-six of this year’s new MDs in the division sit within banking, including M&A advisory and corporate lending; another 32 are in markets. An analysis of the new managing directors’ LinkedIn profiles shows they stem from all over the world. Some are based in New York or Dallas; others in London, Frankfurt, or Singapore. As of press time, many members of this year’s MD class had not updated their LinkedIn pages with their new roles, leaving the title of “Executive Director,” one rung below MD, in their profiles.
The commercial and investment bank generated roughly $19.7 billion in revenue for the first quarter of the year, according to the bank’s most recent earnings figures; that’s up nearly 12% year over year. Banking and payments revenue of $8.7 billion was up 4% year over year; markets and securities services revenue was up 19%. (Markets-specific revenue of $9.7 billion was up 21%, the firm said, amid heightened equities activity.) Overall, JPMorgan said this month that it produced $14.6 billion in net income for the quarter.
“Clients have become more cautious amid an increase in market volatility driven by geopolitical and trade-related tensions,” Jamie Dimon, the company’s CEO, said in a statement accompanying the release. He also recently addressed a variety of issues facing the economic and US democracy, including stagflation and the specter of a possible recession, in his annual shareholder letter.
Last year, JPMorgan was the third-ranked M&A advisor globally (after Goldman Sachs and Morgan Stanley) and second-ranked in the US (after Goldman), according to the deal tracking firm Dealogic. Globally, the firm advised on 403 transactions with a total deal value of about $760 billion; in the US, specifically, it worked on 228 deals with value of roughly $481 billion, Dealogic found.
JPMorgan’s MD promotions in the division come as investment banking, generally, has confronted headwinds under the Trump administration. The chilling effect of tariffs and trade wars roiled markets and spooked investors in recent weeks, contributing to a global selloff that has stalled the M&A and IPO pipelines.
In addition to its commercial and investment bank, the firm also conducts promotions in its other businesses, ranging from tech to asset management.
Here’s the full list of names of 118 new managing directors in global banking and markets.
Global Banking
Daniel Adams, global investment banking
Brent Ballard Jr., global investment banking
Alex Bilichenko, global investment banking
Henry Capper, global investment banking
Henri de Branche, global investment banking
Jon Edwards, global investment banking
Jason Gorak, commercial banking
Jeanne Ho, commercial banking
Ed Johnson, commercial banking
Sid Lahiri, global investment banking
Justin Look, global investment banking
Mithil Mehta, global investment banking
Gabor Pogany Ritter, global corporate banking
Sebastian Rodriguez, global investment banking
Mahesh Ahlawat, global investment banking
Jeff Barker, commercial banking
Lisa Bono, commercial banking
Mei Chang, global investment banking
Ingrid Deroubaix, commercial banking
Omar El Amine Fichtali, global investment banking
Ben Grant, global investment banking
Matt Holdaway, global services
Tucker Kaufmann, commercial banking
Ying Li, global corporate banking
Louis Magraner, global investment banking
Stephen Molloy, global investment banking
Matt Renna, commercial banking
Victor Ruiz, commercial banking
Marc Andersen, global investment banking
Gina Baumgartner, global services
Chiara Bovo, global investment banking
Zuriel Chavez, global investment banking
Paul Drayton, commercial banking
Marc Epstein, commercial banking
Julia Grinshpun, commercial banking
Graham Holden, global investment banking
Sonam Khare, global investment banking
Stephanie Little, global corporate banking
Brandon Mallette, global investment banking
Charlie Oakes, global investment banking
Michael Rhodes, commercial banking
Ly-Yen Sacco, global corporate banking
Isabela Bacchi, global corporate banking
Louise Bennetts, global investment banking
Gauthier Brizard, global corporate banking
Lorenzo Colonna di Paliano, commercial banking
Anjali Dubey, product & experience
Hideo Fujimoto, global investment banking
Tiffany Hatchett, commercial banking
Saiko Hoshino, global investment banking
Jaewon Kim, global corporate banking
Niklas Ljungquist, global corporate banking
Hasan Mannan, commercial banking
Viraj Patel, global investment banking
Mike Rhodes, global investment banking
Jay Sanghani, global investment banking
Keats Baldwin III, commercial banking
Bruno Biagini, global investment banking
Jason Campbell, commercial banking
Aly Cunningham, commercial banking
Jonty Edwards, global investment banking
Lisa Gomez, commercial banking
Aaron Hilton, global services
Parul Jhunjhunwala, global investment banking
Arjan Kreischer, global investment banking
Doug Loftus, commercial banking
Ben McNulty, global investment banking
Bryan Payne, global investment banking
Eric Rinder, global investment banking
Eric Schwarzbach, global corporate banking
Duncan Sennott, commercial banking
James Summer, global investment banking
Abel Thai, global services
Jim Tomtania, commercial banking
Haley Trethaway, global investment banking
Manoj Vemula, global investment banking
Anastasia Volnova, global investment banking
Teresa Walker, commercial banking
Sheria Washington, commercial banking
Gregor Weber, global corporate banking
Phillip Wiginton, commercial banking
Florian Will, global corporate banking
Daisuke Yoshizumi, global investment banking
Peck Yuen Yong, global services
Christine Zhang, global corporate banking
Fei-Fei Zhang, global investment banking
Markets
Shalabh Agrawal
Mark Amlin
Taoufik Bounhar
Aaron Casden
Patrick Chu
Amelie Darrort
Alex Daum
Cyprien Decoux
Irina Dushkevich
Ker Lih Gan
Sarah Gang
Felix Grimau
Siddharth Gupta
Andrew Hart-Fox
Moulay Jaidi
Manish Jain
Jason Kendall
Alexander Kuebler
Elisa Lass
Matt Leger
Emma Ma
Annie Marinaro
Christopher J McCann
Yasuhiro Nishikawa
Meghan O’Keefe
Ruchira Patel
Will Peak
Matt Pennella
John Schlegel
Michael Sisto
Rob Tanna-Smith
Shilong Yang
Have a tip? Contact this reporter via email at ralexander@businessinsider.com or SMS/Signal at 561-247-5758. Use a personal email address and a nonwork device; here’s our guide to sharing information securely.
Read the full article here
