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JPMorgan names Jay Horine as head of US investment bank

Horine brings more than 30 years of total investment banking experience, including 12 years at Goldman Sachs

JPMorgan is also setting up a new digital banking group within its investment bank to help use artificial intelligence to help its clients
JPMorgan is also setting up a new digital banking group within its investment bank to help use artificial intelligence to help its clients Photo: LightRocket via Getty Images

JPMorgan is promoting a 17-year insider to lead the financial giant’s major investment banking business and is setting up a new unit within that franchise to focus on digital banking services, according to an internal memo seen by MarketWatch.

JPMorgan said that Fernando Rivas plans to retire in early 2024 after almost 30 years with the bank. He became head of North America investment banking in 2020 and first joined the bank in 1995 as an analyst in its North American financial institutions group.

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