FT Alphaville " JPMorgan: the management change NEW YORK- (BUSINESS WIRE) -JPMorgan Chase (NYSE: JPM) announced today that Ina Drew, Chief Investment Officer, has made the decision to retire from the firm. Ina has served the firm for more than 30 years, most recently as head of our Chief Investment Office. Matt Zames, currently co-head of Global Fixed Income in the Investment Bank and head of Capital Markets within the Mortgage Bank, will succeed Ina as the firm's Chief Investment Officer and continue in his mortgage-related responsibilities. Matt will also join the firm-wide Operating Committee. Daniel Pinto, currently co-head of Global Fixed Income with Matt, will become sole head of the group. Daniel will also remain CEO of our Europe, Middle East and Africa region, based in London. Mike Cavanagh, CEO of our Treasury & Securities Services (TSS) group, will lead a dedicated team of senior executives from across our company to oversee and coordinate our firmwide response to the recent losses in the Chief Investment Office. As part of this effort, Mike will ensure that best practices and lessons learned are carried across the firm. Mike will continue to oversee TSS but will be largely dedicated to this project for the near future. Despite our recent losses in the CIO, Ina's vast contributions to our company should not be overshadowed by these events," said Jamie Dimon, Chairman and CEO... And yep, Jamie did mention the fortress balance sheet. Mike Cavanagh previously served as CFO before coming to the Treasury & Securities Services group; Matt Zames also serves as chairman of the US Treasury's Borrowing Advisory Committee. Update: And a former LTCM trader and a very close reader of Barron's, as Felix noted. Update - See Francine McKenna's thoughts. Related link: JPMorgan probe into London role in loss - FT This entry was posted by Joseph Cotterill on Monday, May 14th, 2012 at 14:28 and is filed under Capital markets. Tagged with jamie dimon, jpmorgan, US banks.