JPMorgan names trio to co-lead global investment banking

• Key insight: JPMorganChase unveiled new leadership for its global investment banking business and rolled out a model in which industry coverage groups and sector M&A teams will operate under one umbrella.
  
• What's at stake: Investment banking is a huge component of JPMorgan's overall business. The new co-heads will be charged with maintaining the segment's growth and momentum.
  
• Forward look: The promotions announced Wednesday take effect immediately, a JPMorgan spokesperson said.

JPMorganChase has switched up its investment bank leadership amid a broader reorganization.

The largest U.S. bank by assets announced Wednesday that Dorothee Blessing, Kevin Foley and Jared Kaye will serve as co-heads of global investment banking, effective immediately.

Along with their promotions and those of several other executives, JPMorgan said it has combined industry coverage groups and sector mergers-and-acquisitions teams under one umbrella, in an effort to serve clients throughout their lifecycle in a more holistic manner.

News of the leadership shuffle and reorganization follows the $4.9 trillion-asset bank's recent surge in investment banking fees. During the first quarter, such fees rose 28% year over year and 23% from the prior quarter, helping to push total revenue up 10% from the year-ago quarter.

The global investment banking business is one of three that operates under JPMorgan's global banking division, which is part of the firm's commercial and investment bank. Blessing, Foley and Kaye report to Filippo Gori and John Simmons, co-heads of the global banking division.

Global investment banking "plays an important role in global banking" alongside the two other segments, commercial banking and global corporate banking," Gori and Simmons wrote in a joint memo to staff Wednesday announcing the changes. "This unified team creates a powerful combustion effect, igniting growth and unlocking new opportunities for our clients."

Prior to Wednesday, Gori and Simmons had been pulling double duty, leading global investment banking while running the broader global banking unit, according to a JPMorgan spokesperson. Both Gori and Simmons have been leading global banking since early 2025 when JPMorgan made certain leadership changes ahead of longtime executive Daniel Pinto's retirement.

The trio installed Wednesday has years of experience in the space. Blessing was most recently the bank's global head of investment banking coverage, in charge of industry coverage groups, her LinkedIn profile shows. She joined JPMorgan in 2014 and has served in several roles.

Foley's most recent title was global head of capital markets, overseeing equity and debt capital markets. He's worked at JPMorgan since 2007, according to his LinkedIn profile.

Kaye, the longest-tenured of the three, joined JPMorgan in 2001 and became the global co-head of financial institutions groups investment banking in 2021, according to LinkedIn.

Also on Wednesday, JPMorgan announced that Anu Aiyengar has been promoted to global chair of investment banking and mergers and acquisitions. Aiyengar, who was American Banker's No. 9 Most Powerful Woman in Finance in 2025, was most recently global head of advisory and M&A, a role she assumed in 2023. As a global chair, Aiyengar will continue to report to Gori and Simmons, and help support client relationships and strategy, the bank said.

Charlie Bouckaert succeeds Aiyengar as global head of M&A and will report to Blessing, Foley and Kaye, JPMorgan said Wednesday. Bouckaert joined JPMorgan in 2019 as global head of transportation after spending nearly two decades at Goldman Sachs, his LinkedIn profile shows. Since 2021, he has been the co-head of diversified industries investment banking.

The bank announced the heads of 10 global investment banking industry segments, including consumer and retail, health care and technology, that will report to Blessing, Foley and Kaye. It also said that Stathis Karanikolaidis will become head of North America leveraged finance, replacing Catherine O'Donnell.