Paul Bateman was named chairman of asset and wealth management for JPMorgan, effective at the end of January, according to a source at the firm. The position is new and will allow Mr. Bateman to focus on broader investment product oversight while reducing his involvement in day-to-day management, according to the source. Mr. Bateman was CEO of global asset management; Jes Staley, CEO of asset and wealth management, will take on those duties permanently. Mr. Bateman will continue to serve as head of the investment committee for asset management.
Bateman gets new responsibilities at JPMorgan
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