J.P. Morgan & Co. said last week it would shuffle the management of its equities unit to strengthen its cross-border capabilities.
Two executives-Andrew Wilson and Tim Main-will swap their current assignments in London and New York. Morgan said the moves put an executive with knowledge of U.S. markets in London and vice versa.
The changes also combine two functions that had been managed separately: equity capital markets, the group that puts together marketing and disclosure materials for new equity issues, and syndicate, the group that coordinates with clients and investors.
Mr. Wilson and Kevin Willsey will be co-heads of equity capital markets and syndicate in New York. Mr. Wilson had been co-head of equity capital markets in London. They will report to James E. Staley, Morgan's global head of equities.
In London, Mr. Main and Harry Hampson will be co-heads of European equity capital markets and syndicate, reporting to Ronald R. Dewhurst, head of European equities. Mr. Main had been head of equity syndicate for the United States and Latin America, based in New York.
In addition, David Walker, formerly head of the syndicate group in London, will return to New York to join Morgan's investment banking group, representing industrial clients.