More changes at the top for J.P. Morgan

And the shakeout begins. Less than a week after J.P. Morgan announced it will relocate Nicolas Aguzin to Hong Kong to become Asia-Pacific CEO, it is shuffling its co-heads of banking in the region.

Tom DuCharme, who has been the regional head of treasury and securities services in Asia since 2010, will step up to become co-head of banking alongside Therese Esperdy, who up until now had been co-head of investment banking in the region.

Tom DuCharme

The distinction is the word “investment” has been dropped from Esperdy’s title. She had been co-head of investment...