LONDON: US investment bank JP Morgan is restructuring its regional corporate communications, splitting Europe, the Middle East, and Africa (EMEA) and Asia into two separate positions.
The move follows the end of Richard Mahony's tenure as VP and corporate communications head for EMEA and Asia. Mahony has held the position since January 1997.
JP Morgan currently leads the European financial adviser rankings, commanding a 20% market share for the first quarter of this year while working on 18 M&A deals.
Mahony oversaw a team of five London-based PR pros (covering EMEA) and three based in Tokyo and Hong Kong (covering Asia). The bank is now searching for a head of corporate communications for both regions.
The move to appoint 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, over the past year.
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 IR as a new area of responsibility.