JPMorgan has tapped John Richert to lead its regional investment banking group.
Richert aims to restart the group's revenue growth on the way to chasing down $3 billion in fees from clients of the firm's commercial banking division.
What began as an innovative JPMorgan strategy six years ago has more recently been copied by the likes of Bank of America and Goldman Sachs, which may make Richert's task even more difficult.
JPMorgan is reinvigorating a dealmaking business where it got an...
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