- July 12, 2021
- Posted by: Stratford Team
- Category: Business
FILE PHOTO:The logo of Dow Jones Industrial Average stock market index listed company JPMorgan Chase (JPM) is seen in Los Angeles, California, United States, in this October 12, 2010 file photo. JPMorgan Chase & Co. owns Chase Commerical Bank and JPMorgan Investment Bank. REUTERS/Lucy Nicholson
July 12 (Reuters) – JPMorgan Chase & Co’s (JPM.N) Securities Services division is setting up a new data business which will be led by Gerard Francis, who joins the bank from Bloomberg, a memo seen by Reuters showed.
The new Data Solutions business will bring together several projects already underway at the bank including post-trade analytics services and a new asset manager platform, the memo said.
Francis, who was head of enterprise data solutions at Bloomberg, will report to Teresa Heitsenrether, JPMorgan’s executive vice president and global head of securities.
The move comes as banks look to modernise systems and take better advantage of the vast amounts of…
