JPMorgan is reorganizing its commercial and investment bank as part of its AI push [Business Insider]
JP Morgan Chase & Co. (JPM)
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Source: Business Insider
This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in JPMorgan said it's reorganizing its commercial and investment bank to "maximize" AI in an internal memo. The bank appointed Guy Halamish as the chief operating officer of the CIB as part of the effort. In his role, Halamish will oversee a group of new data and analytics officers driving the AI push. JPMorgan is consolidating power to move faster on AI. The bank is reshuffling its commercial and investment bank to "maximize the impact of AI," according to an internal memo sent out this week. The firm has named Guy Halamish as the chief operating officer of the CIB and tasked him with overseeing the ongoing effort to "harness the power of our data and fully leverage rapidly evolving AI capabilities," according to a memo signed by the CIB's co-CEOs, Doug Petno and Troy Rohrbaugh. Halamish's new role was first reported by Bloomberg. Guy Hal
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