JPMorgan has chosen a new leader to chase a $3 billion opportunity in places like Atlanta, Dallas, and Seattle that has rivals swarming (JPM)
|06/12/2018||Posted by BusinessMediaguide.Com under General World News||
- JPMorgan has tapped John Richert to lead its regional investment banking group.
- Richert aims to restart the group’s revenue growth on the way to generating $3 billion in fees from clients of the firm’s commercial banking division.
- What began as an innovative JPMorgan strategy six years ago has more recently been copied by the likes of Bank of America and Goldman Sachs, which may make Richert’s task even more difficult.
JPMorgan is reinvigorating a dealmaking business where it got an early start but whose growth has slowed in recent years as competitors like Goldman Sachs and Bank of America chase their market share.
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