JPMorgan Appoints Lavatelli as Senior Country Officer for Japan
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JPMorgan announced a comprehensive leadership change for its Japanese business units on Thursday. Francesco Lavatelli will assume the position of Senior Country Officer for Japan and the role of Chief Executive Officer (CEO) of JPMorgan Securities Japan on December 1. This places an experienced bank manager at the helm of one of the US institution's most important Asian locations. In addition to Lavatelli, the bank appointed Masanori Kato as Branch Manager of JPMorgan Chase Bank in Tokyo. The personnel change is part of a broader reorganization of the leadership level in the Japanese metropolis, which plays a central role for JPMorgan both as a trading hub and as access to the entire Asian market. Both appointments follow Steve Rinoie's departure from these functions. However, Rinoie is not completely leaving his previous duties but is moving into the role of Global Chair of Investment Banking. This means he is taking on a group-wide function that will more strongly integrate him into the global management of investment banking. New Roles, Familiar Faces With the combination of the Senior Country Officer position and the CEO post at JPMorgan Securities Japan, Lavatelli will in future consolidate responsibility for local market presence and the securities business. This dual function is not uncommon for international banks in key markets, as it enables a unified approach to...
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