JPMorgan has handed Daniel Pinto, the chief executive of its corporate and investment bank, stock awards worth around $25m in an attempt to retain the long-serving executive as he steps up to a new senior role.

The bank has awarded Pinto 750,000 stock options, it said in a 15 December statement, the latest multimillion package given to its top executives after chief executive, Jamie Dimon, was given a share award worth around $49m in July. Pinto's award can be exercised at $159.09 per share.