J.P. Morgan has appointed Dinkar Jetley to the position of CEO of its Worldwide Securities Services (WSS) business.
Jetley will report to Mike Cavanagh, CEO of J.P. Morgan Treasury & Securities Services (TSS), and will be a member of the J.P. Morgan Chase and TSS Executive Committees. He joins J.P. Morgan on June 16 and will be based in New York.
Jetley joins J.P. Morgan from Deutsche Bank in London, where he was global head of trust and securities services and cash management for financial institutions, and a member of the Global Transaction Banking business leadership team.
Prior to Jetley’s 12 years at Deutsche Bank, he spent nearly 14 years at Citibank in major financial centres around the world in a number of leadership positions in operations, technology, finance and credit risk.
Conrad Kozak, the current CEO of WSS, has been named vice chairman of TSS. In this role, Kozak will be responsible for senior client coverage of select clients and will continue to report to Mike Cavanagh. Kozak is a 33-year veteran of J.P. Morgan and its predecessor firms. He will continue to be based in New York.
“We have a great future in the securities services business and are committed to growing our WSS franchise, so I am delighted to welcome Dinkar to J.P. Morgan,” said Mike Cavanagh. “His strong leadership skills, extensive global experience, proven track record of developing businesses, and transaction banking industry perspective will be of tremendous value to our business and to the firm.”
Commenting on Kozak’s appointment, Cavanagh said: “Using his extensive knowledge of the industry, our client base and our business, Conrad will contribute significantly to deepening relationships with this important client segment. I am pleased he will continue to be a senior member of the team and remains a valuable asset for our business.”
