JP Morgan splits corporate comms

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.

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

Dillon.



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,’

said Mahony.



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.



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