The managers of Cazenove’s and JP Morgan’s soon to be integrated European cash equities business are set to begin mapping out the structure of the combined division after the banks confirmed today the buyout of their joint venture.

Alan Carruthers, Cazenove's head of cash equities, will take control of the combined businesses, which will be renamed JP Morgan Cazenove Equities. He is set to meet with JP Morgan's global heads of equities, David Long and Jim Brett, to discuss the operation's structure, one source with knowledge of the situation said.