Prime Highlight:
- Conor Hillery and Matthieu Wiltz have been promoted to co-heads of JPMorgan’s global banking business in EMEA, taking on dealmaking responsibilities.
- The duo aims to strengthen collaboration across divisions and expand the bank’s EMEA revenue by 20%.
Key Facts:
- Hillery continues as EMEA investment banking head and co-CEO, while Wiltz transitions from markets into a direct investment banking role.
- Leadership changes in the markets division include Brad Tully leading securitised products, Ben Kinney heading credit and public finance, and Gergana Thiel managing macro products.
Background:
JPMorgan has promoted its Europe, Middle East and Africa co-chief executives, Conor Hillery and Matthieu Wiltz, to lead its global banking business in the region, as the US bank steps up efforts to grow international revenue.
According to an internal memo, Hillery and Wiltz have been appointed co-heads of global banking in Emea, adding dealmaking responsibilities to their current leadership roles. The move reflects JPMorgan’s push to strengthen client coverage and deepen cooperation across business lines.
Hillery will continue as head of investment banking in Emea while also serving as regional co-CEO. Wiltz, who has spent most of his career in JPMorgan’s markets division, will shift into a more direct dealmaking role. The change marks a rare transition from sales and trading into investment banking leadership.
The bank has increasingly focused on bringing its investment and commercial banking teams closer together to expand its reach among mid-sized companies. Hillery and Wiltz have said stronger collaboration across divisions is central to their plan to lift Emea revenue by 20%.
The pair also jointly lead JPMorgan’s security and resilience initiative in Europe, which aims to provide billions in financing to sectors such as defence. The programme began in the US and has since expanded internationally.
Wiltz’s new position has triggered several leadership changes within JPMorgan’s markets business. Brad Tully will take charge of the securitised product group while retaining his roles overseeing global corporates and private-side sales, as well as Americas sales. Ben Kinney will now lead credit and public finance, while Gergana Thiel will head macro products.
Hillery and Wiltz were promoted to deputy co-CEOs in 2024 and elevated to the top regional roles last year after global banking head Filippo Gori relocated to New York. Since the start of the year, they have been visiting JPMorgan’s Emea offices to outline their growth strategy and align teams across the region.