Mark Leung, head of JP Morgan’s Asia Pacific equities business, and Jason Sippel, the bank’s global head of prime services, now run the equities division as co-heads, according to a memo sent to staff on September 7 by Daniel Pinto, head of JP Morgan’s corporate and investment bank, and seen by FN.
Their appointments, first reported by Business Insider, follow the September 5 announcement that Throsby, who had run global equities at JP Morgan since September 2012, will move to Barclays at the start of 2017 to act as president of its corporate and international division, as well as chief executive of its corporate and investment bank.
A person familiar with the appointments said that JP Morgan was able to replace Throsby quickly because the group already had a succession plan in place.
Leung joined JP Morgan in 1997, starting his career in rates derivatives trading and moving into credit hybrids in 2005, according to Pinto’s memo. In 2007 he moved into the bank’s Asia Pacific equities business and was named head of Asia Pacific equity derivatives in 2013 and overall head of regional equities in 2014.
Sippel joined the bank in 2002 and has since held roles in Asia, New York and London, including head of Americas equity derivatives sales and trading and head of Americas equities. He has been leading prime services since August 2015, according to his LinkedIn profile.