JP Morgan has hired ex-RBS banker Wilco Dado to beef up its cash management business, and has made internal changes as part of a reshaping of its transaction services business.

Dado, former global head of payments and cards at Royal Bank of Scotland, will head JP Morgan's cash management for Europe, the Middle East and Africa. A spokesman for JP Morgan confirmed the appointment.

JP Morgan hires ex-RBS banker to head cash management

JP Morgan has hired ex-RBS banker Wilco Dado to beef up its cash management business, and has made internal changes as part of a reshaping of its transaction services business

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