US bank JPMorgan Chase & Co. has promoted Emilio Saracho and Viswas Raghavan respectively to the roles of global vice-chairman and deputy chief executive officer for Europe, the Middle East and Africa.
Raghavan will replace Saracho as the firm’s deputy CEO for EMEA but will remain head of EMEA banking. He joined JP Morgan in 2000 and worked before at Lehman Brothers.
Saracho held several positions at JP Morgan such as head of EMEA Private Bank, head of Investment Banking for EMEA and senior country officer in Spain.
Both are based in London.
Raghavan recently told the Financial Times that the boom in the mergers and acquisitions markets will continue in 2015 as “the focus really is in M&A.”
“The level of strategic thinking and activity is higher than we have seen for quite a few years. How much of that translates into activity remains to be seen, but based on recent activity and the pipeline, it looks very promising,” he commented to the newspaper.
Raghavan also said to the Financial Times that “a lot of investment in 2015” would concern especially UK, German-speaking Europe and France.