MOVES-JPMorgan names Saracho vice-chairman, promotes Raghavan

April 13, 2015 1:54 PM

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LONDON, April 13 (Reuters) - JPMorgan Chase & Co. has named Emilio Saracho as vice-chairman and promoted Vis Raghavan to replace him as deputy CEO of its commercial and investment bank (CIB) in Europe.

Saracho will become one of only three vice-chairmen at JPMorgan. He has been promoted after two years as deputy CEO for CIB in Europe, Middle East and Africa, according to a memo to staff on Monday and seen by Reuters. A spokeswoman for JPMorgan confirmed the contents.

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