US investment bank JP Morgan is to restructure its regional
corporate communications, splitting Europe Middle East and Africa (EMEA)
and Asia into two separate positions.
The move follows the end of Richard Mahony’s tenure as vice president
and corporate communications head for EMEA and Asia. Mahony took up the
position in January 1997 on a three-year international assignment which
finishes at the end of this year.
JP Morgan currently lies third in the table of European deals completed
in the first six months of this year. Deals completed by JP Morgan in
the period include TRWS acquisition of Lucas Varity for pounds 7.8
billion and Volvo’s pounds 6.5 billion sale to Ford.
Mahony oversaw a team of five communications professionals based in
London covering EMEA, and three based in Tokyo and Hong Kong covering
Asia. He reported to Laura Dillon, corporate communications head for JP
Morgan worldwide. The bank is now searching for a head of corporate
communications for both regions. Both positions will report directly to
Headhunters have been hired in both regions, GKR in Europe and Korn
Ferry in Asia. The bank hopes to appoint someone in the autumn so Mahony
can work alongside them until December, when he returns to New York.
The move to hire a communications head for Asia is part of a strategy
which has seen JP Morgan move its management structure in Asia solely to
Tokyo, closing offices in Hong Kong and Singapore, in the past year.
’Our business has witnessed substantial growth in Asia, so it made sense
to have the communications team at the right-hand of the management,’
During his tenure, Mahony’s role expanded from media relations to
include corporate communications, advertising, marketing, brand
management, internal communications and sponsorship. The post will be
expanded to include investor relations.
At the end of the year, Mahony will return to the US to take up a senior
role at the head office in New York.