JPMorgan has reorganized its structured credit businesses in New York, combining sales and origination in one group.
Richard Stephenson, managing director and former head of structured credit sales, and James Kane, managing director and former head of collateralized debt obligation origination, now co-head structured credit sales and marketing in North America. In addition, Kane has become global head of client coverage.
The purpose and exact timing of the reorganization could not immediately be determined. Officials close to the firm said it was announced internally a few weeks ago.
In addition, Yale Baron, managing director, has become global head of origination and structuring for JPMorgan's credit-related CDO business. And Kathy Sutherland, managing director, has become global head of product management and syndicate, managing marketing and distribution of widely syndicated transactions. Baron and Sutherland's previous roles could not be determined.
All report to Brian Zeitlin, managing director and global head of structured credit in New York, who did not return a phone call by press time. Kane did not return a phone call and Stephenson referred calls to Brooke Harlow, spokeswoman, who declined comment.
