J.P. Morgan recruits new head of global custody
J.P. Morgan has hired Mike Hughes to lead global custody.
Hughes has joined the bank from Deutsche Bank, where he was head of strategic execution for global securities services.
At J.P. Morgan, Hughes will report to global head of custody Chris Rowland, who also has responsibility for trust and fiduciary.
The appointment of Hughes at J.P. Morgan follows the departure of Matthew Bax, who joined Citi as Europe, Middle East and Africa head of sales for custody and fund services earlier this month.
