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Investing.com -- JPMorgan Chase (NYSE:JPM) has named Mike Lister and Brennan Spry as co-heads of North America corporate banking, according to a Reuters report on Thursday.
The appointment aims to strengthen the bank’s Commercial and Investment Banking (CIB) unit, which has been a significant growth driver for the largest U.S. bank.
The CIB division posted a net income of $6.65 billion in the second quarter, an increase from $5.9 billion in the same period last year.
Lister previously led the natural resources group at the bank, while Spry was one of the co-heads of the diversified industries group within JPMorgan’s global corporate banking business.
In their new positions, the executives will oversee all segments of corporate banking in North America, including healthcare, real estate, and technology sectors.
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