JP Morgan restructures equities business
In this new position, Hernandez will be responsible for overseeing the whole of the North American equities business, while his former role as global head of equity capital markets, which focused on all non-cash equities business, is eliminated.
A spokesman for JP Morgan said that the move was part of the bank's overall strategy to streamline its equity business areas. John Corrie and Fraser Partridge continue to head the London and Asian equities businesses respectively.
All three report to Steve Black, global head of equities.
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