How do you solve a problem like Bill Winters? Within months of Financial News putting a curse on JP Morgan by describing it as “probably the best investment bank in the world” in May 2009, Winters was ousted as co-chief executive of the investment bank and as JP Morgan Chase’s top executive in Europe.

Nearly two years on, two lower- profile executives - Daniel Pinto and Emilio Saracho - have picked up the baton from Winters and continue to expand an investment bank that has come to dominate the European market in the aftermath of the financial crisis. Through a combination of an aggressive push in corporate banking, increased investment in technology and flow businesses, and expansion in commodities - while keeping a close eye on the competition - they are quietly confident that JP Morgan will continue to entrench itself in Europe and the higher growth markets of the Middle East and Africa.