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JP Morgan Shifts in Leadership: Fernando Rivas Replaced by Jay Horine

JP Morgan is making big changes to its investment banking division. An internal memo seen by industry insiders reports that Fernando Rivas, the current North America investment banking head, will retire in early 2024 after almost 30 years with the bank.

He will be replaced by Jay Horine, who has been with JP Morgan since 2006 and previously spent 12 years with Goldman Sachs. Photo: Getty Images
He will be replaced by Jay Horine, who has been with JP Morgan since 2006 and previously spent 12 years with Goldman Sachs. Photo: Getty Images

JP Morgan is making additional moves in its investment banking business to expand its digital banking services.

The bank is creating a new digital banking group that will use artificial intelligence to help JPMorgan’s clients.

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