JPMorgan’s Japan head of IB to leave firm -sources

TOKYO, Dec 3 (BestGrowthStock) – The head of investment banking in
Japan for JP Morgan Chase & Co (JPM.N: ) is set to leave the firm
at a time when the Wall Street giant has been boosting its
presence in the country, sources say.

Yuichi Jimbo, who joined JP Morgan in 1998, will no longer be
the bank’s head of investment banking, five people with direct
knowledge of the matter said, asking not to be named because it
has not been publicly announced.

The U.S. bank was ranked No.2 in advising on mergers and
acquisitions for Japanese companies for the 11 months to November
this year, according to Thomson Reuters.

It was the No.5 underwriter for equity sales by Japanese
companies for the period.

In April, JP Morgan appointed Christopher Harvey as head of
Japan business, replacing Greg Guyett, who was transferred to
London.

A JP Morgan spokeswoman in Tokyo declined to comment.
(Reporting by Junko Fujita, Emi Emoto and Wakako Sato; Editing
by Michael Watson)

JPMorgan’s Japan head of IB to leave firm -sources