Former investment banking reporter

A JP Morgan veteran with a track record of helping steer the bank through choppy waters has been appointed as the new head of its chief investment office - the unit that suffered over $5bn in trading losses earlier this year.

Craig Delany, most recently chief operating officer in mortgage banking at JP Morgan, will take the reins at the previously little-known unit that lost $5.8bn on a disastrous trade revealed in May.

Craig Delany, a JP Morgan veteran with a track record of helping steer the bank through choppy waters, is to lead the firm's chief investment office

Richard Partington

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Meet the new head of JP Morgan's CIO

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