JPMorgan (JPM) Names New Co-CEOs for EMEA Region

JPMorgan Chase & Co. (NYSE:JPM) is one of the 10 Most Profitable Stocks of the Last 5 Years. On October 6, Reuters reported that JPMorgan Chase & Co. (NYSE:JPM) is appointing Conor Hillery and Matthieu Wiltz as co-chief executive officers for Europe, the Middle East and Africa (EMEA). This information comes from an internal memo seen by Reuters.

This update comes as JPMorgan Chase & Co. (NYSE:JPM) looks to step up its efforts in the region and aims to raise its EMEA revenues by 20% by the end of the decade. Hillery and Wiltz together bring nearly 50 years of experience at the bank. They were previously deputies to Filippo Gori, the outgoing chief.

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Hillery is currently the head of investment banking in the EMEA region. Wiltz leads the sales division in the region. JPMorgan Chase & Co. (NYSE:JPM) said these two bring a combination of market knowledge and industry expertise.

According to JPMorgan Chase & Co. (NYSE:JPM), these two new CEOs will keep their current roles in banking and sales and join the commercial and investment bank management team.

JPMorgan Chase & Co. (NYSE:JPM) is an American multinational financial services firm with leading positions in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management.

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Disclosure: None. This article is originally published at Insider Monkey.