The former co-head of mergers and acquisitions at JP Morgan in Europe, who most recently led its corporate banking team in the region, has been appointed as the new head of investment banking in North America, according to an internal memo seen by Financial News.

JP Morgan, which this afternoon reported results for the second quarter, has appointed Larry Slaughter as co-head of investment banking for North America alongside Kevin Willsey. He will relocate from London to New York in the third quarter. A spokeswoman for the US bank confirmed the contents of the memo.