JP Morgan names chairman of investment banking France & Belgium
Trade press has reported JP Morgan has appointed Marc Pandraud (pictured) from Deutsche Bank as chairman of investment banking for France and Belgium.
The appointment has been announced in an internal memo and then confirmed by the company.
In addition to his new position, Pandraud will assume the role of vice chairman of investment banking for Europe, the Middle East and Africa (EMEA).
He will report to Vis Raghavan, deputy CEO of JP Morgan, EMEA and head of Banking, EMEA.
Pandraud was hitherto vice chairman of corporate and investment banking EMEA at Deutsche Bank, where he had also been chief country officer for France during six years.
Formerly, Pandraud served as chief executive of Merrill Lynch & Co. Inc. and chief executive of Merrill Lynch France from 1998 to 2005, before he became chairman of Merrill Lynch France from 2005 to 2009.
He also held roles of vice-president of Bear Stearns & Co. Inc. from 1985 to 1989 and chief executive of Deutsche Morgan Grenfell from 1995 to 1998.
Pandraud started his career as an auditor at Peat Marwick Mitchell from 1982 to 1985.