[ by Howard Haykin ]

JPMorgan continues to reorganize its management team  - this time in its corporate and investment banking businesses.  The changes are part of July’s reorganization, in which JPMorgan created a joint corporate and investment bank by bringing together its investment bank with its treasury and securities services businesses.

On Tuesday, the bank:

• promoted Don McCree to global head of corporate banking and treasury services. 
• that business line is part of global banking, which Mr McCree will run alongside Jeff Urwin, who will continue as global head of investment banking.
• Greg Guyett, head of the corporate bank, will step aside. His new position is still unclear. “In the months ahead, Greg will help Jeff and Don to manage the transition before taking on his next role in the company,” according to an internal memo.
• Nicolas Aguzin was appointed as deputy CEO of Asia-Pacific.

Back in July, JPMorgan promoted Mike Cavanagh, previously head of treasury and security services, and Daniel Pinto, former global head of fixed income, to co-CEOs of the corporate and investment bank.  These changes followed the bank's recording of the $5.8bn trading loss by the London Whale.  At the time, it was widely seen as a move to line up potential successors for Jamie Dimon, the current CEO.   [FT.com, 12/4/12]