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25 Jun 2010
A boardroom reshuffle at investment bank JPMorgan Chase sees its CFO climb the ladder to divisional CEO, and its head of investment banking take on the finance post.
Michael Cavanagh, the current chief financial officer, is to succeed Heidi Miller as CEO of treasury and securities services. He has a history in the banking industry having held various senior positions at Commercial Banking, Bank One, Chicago Bank and Citigroup. He joined JPMorgan Chase in 2004.
The bank's head of investment banking, Doug Braunstein, will succeed Cavanagh as CFO. Braunstein has been a member of the firm's executive committee since 2005.
Jamie Dimon, chairman and CEO, said: "In developing great leaders and building a strong company, we focus on continually broadening the experience of our executives and working to deploy their talents and expertise across the organisation."
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Briefings
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AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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