The New York Times reported one of JPMorgan Chase’s heads of debt capital markets, Andrew O’Brien, will take on a broader role overseeing lending activity across the investment bank, the firm announced in an internal memo on Thursday

According to the Times O’Brien will take on the new title of global head of loan capital strategy and report to Jeff Urwin, global head of investment banking, and Don McCree, global head of corporate banking and treasury services, the memo said.

The other co-head of debt capital markets, James Casey, will become the sole head of the group and continue to report to Urwin, the Times said further.

To read the entire Times article, click here.