JPMorgan has handed a bigger role to its co-head of European investment banking as part of a major shake-up of its dealmaking unit that will see its global head of equity capital markets, Achintya Mangla, depart.

Dorothee Blessing has been named global co-head of investment banking coverage, alongside Jay Horine, as part of broader changes unveiled by JPMorgan's new dealmaking leaders, according to an internal memo seen by Financial News.