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The European chief of JPMorgan plans to move from London to New York, while keeping his role to manage the affairs of the Bank, the Middle East and Africa.
Filippo Gori, which is also the co-chief of the World Bank of JPMorgan, moved to the United Kingdom of Hong Kong last year after being promoted to the double role.
But the Italian banker is now leaving for New York, people who were familiar with the situation at the Financial Times.
One of the people said Gori would spend “at least half his time” in Emea for the rest of this year and “would continue to be very visible among the employees and customers in the region”.
The person added that British regulators knew that Gori could move to the United States since he was appointed Managing Director of the EMEA company of JPMorgan in 2024.
Gori’s decision is the last in a series of examples of senior bankers supervising operations based in the United Kingdom in the United States.
Sir Mark Tucker, who chairs the Bank HSBC, whose siege is in London, lives in New York, while Barclays CS Venkatakrishnan, who worked before JPMorgan, divides his time between New York and the British capital.
The lender of Wall Street has reorganized his investment bank in recent years and has resumed management roles through the group as a handful of life leaders to succeed Jamie Dimon as director general, who has managed the bank since 2006.
Gori spent more than a decade in Hong Kong with JPMorgan before being promoted last year for the co-head of the lender’s world banking division, one of the main commercial lines of his commercial and investment bank.
Doug Petno, which was raised to the co-head of the world banking unit of JPMorgan at the same time as Gori, was promoted again in January to co-direct the commercial and investment bank.
This promotion increased Petno on the list of potential replacements for Dimon, which was 69 years old in March, and Gori now runs the World Bank with John Simmons.
Other main candidates for the main candidates for Dimon are considered Marianne Lake, head of the JPMorgan consumer consumer bank, and Troy Rohrbaugh, the other Co-chef of the commercial and investment bank.
The person who knows Gori’s decision said that it was not uncommon for bankers to live and work in different places. “As a co-head of the World Bank, it would be a lot on the road anyway, including in the United States, no matter where it lives,” added the person.
Jpmorgan and Gori refused to comment.