J.P. Morgan appoints Steve Teru Rinoie as head of Japan business
May 14, 2012
Tokyo, May 14, 2012 – J.P. Morgan announced today the appointment of Steve Teru Rinoie as Representative Director, President and CEO of JPMorgan Securities Japan Co., Ltd. as well as Tokyo Branch Manager and Representative in Japan for JPMorgan Chase Bank, N.A., Tokyo Branch, effective May 15, 2012. Rinoie also assumes the role of Senior Country Officer in Japan, responsible for the leadership, management and oversight of J.P. Morgan’s businesses in the country.
Christopher Harvey, who previously held these roles, has been appointed the Chief Executive Officer of the Private Bank in Latin America at J.P. Morgan and will relocate to New York.
“Steve has demonstrated tremendous leadership and commitment to our clients and to our firm over the years and I’m delighted that he will lead our businesses in Japan,” said Jeff Urwin, Chief Executive Officer of J.P. Morgan Asia Pacific. “His appointment highlights the depth and strength of management which J.P. Morgan has in its senior ranks globally. I am confident that he will drive the business forward and build on the strong momentum we have in the country.”
“I would also like to thank Chris for his contribution to the growth we’ve achieved in Japan, and the leadership he demonstrated during, and after, last year's natural disasters. Under his management, we remained focused on the needs of our clients and emerged as a stronger institution in Japan because of it,” Urwin continued.
Rinoie was appointed the head of Fixed Income in 2009, after rejoining J.P. Morgan in 2007. He has spent 15 years of his 27 year career at J.P. Morgan, and has a particularly successful track record in the fixed income markets.
Commenting on the appointment, Rinoie said: “I will ensure that J.P. Morgan continues to utilize our expertise and extensive global network to connect clients with opportunities in Japan and the international markets. The combination of our global strength, our local market expertise and our client-focused culture positions us well against the backdrop of this rapidly changing global economy."