Pinto takes sole charge of CIB after Cavanagh leaves for Carlyle

摘要

Daniel Pinto has taken sole charge of jp Morgan's corporate and investment bank following the departure of his co-chief executive Mike Cavanagh for private equity firm carlyle group. It's the second big departure from atop the investment bank in a year. Pinto and Cavanagh took over in 2012 after James "Jes" Staley was moved into a largely ceremonial chairman role. Staley later exited the bank, taking a leadership role with hedge fund BlueMountain Capital. Cavanagh leaves JP Morgan to become co-president and co-chief operating officer at private equity firm Carlyle Group. He will share that role with Glenn Youngkin, who has been with Carlyle for 19 years.