JPMorgan Chase & Co., the second-biggest U.S. lender by assets, Wednesday appointed Jeff Urwin and Kevin Willsey as co-heads of investment banking for the U.S and Canada.

The pair succeed Doug Braunstein, who was appointed chief financial officer in June, according to an internal memo dated Wednesday from Jes Staley, chief executive officer of the company's investment banking unit.

Urwin joined the company when it bought Bear Stearns Cos. in 2008, and Willsey was previously JPMorgan's chairman of global equity capital. He joined the bank from Goldman Sachs Group Inc.

Urwin had been the co-head of investment banking at Bear Stearns.

Staley said investment bank co-chairman Jimmy Lee will "continue to serve as our senior dealmaker and manage many of our top client relationships." He will also advise Urwin and Willsey.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.