NEW YORK, Jan 29 (Reuters) - JPMorgan Chase & Co stated on Tuesday that Barry Sommers, 49, is retiring as chief government of its wealth administration consumer enterprise.
The announcement, in a memo from Mary Erdoes, CEO for Asset & Wealth Administration, stated that David Body will grow to be chief of U.S. Wealth Administration and that Nicolas Aguzin, will deal with Sommers’ worldwide tasks.
Aguzin is at the moment head of banking for the Asia-Pacific area for JPMorgan’s Company & Funding Financial institution.
Body is at the moment international head of consumer recommendation and technique.
Sommers joined JPMorgan in 2008 when it purchased Bear Stearns, the place he labored. Sommers went on to run the Chase client financial institution and construct its wealth administration enterprise earlier than working for Erdoes.
(Reporting by David Henry in New York; Enhancing by David Gregorio)
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