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JP Morgan has chosen a new head of debt capital markets in Emea, as part of a wider reshuffle designed to promote a new generation of bankers to top jobs.
Kristian Orssten becomes head of Emea DCM, while keeping his existing responsibilities running Emea loan and high yield capital markets and loan trading, sales and research.
However, this DCM role covers just high yield and leveraged DCM, whether for corporate or financial institution clients. Marc Baigneres remains head of investment grade DCM, covering corporates and financial institutions.
Orssten will report to Jim Casey, global head of DCM for both high yield and investment grade, and to Guy America and Matt Cherwin, co-heads of spread markets.
The supranational, sovereign and agency business at JPM, headed since Carl Norrey's departure in May by Keith Price, is not...