J.P. Morgan appointed Andrew Kresse as head of CCBSI International Banking, expanding its commercial banking business in the European and Asia-Pacific markets.
“We see a lot of opportunity for local corporations in these markets to grow, and they can benefit from working with a global banking partner,” said Rob Holmes, head of corporate client banking & specialized industries, within Commercial Banking. “We’re committed to supporting businesses around the world for the long term by delivering the full breadth of the firm to meet our clients’ evolving needs.”
Kresse will be responsible for building out local teams and establishing the business’ international presence across Asia-Pacific and Europe to support non-U.S. headquartered clients with their credit, hedging, investment banking, trade and treasury services needs.
A 24-year industry veteran, Kresse has extensive experience in J.P. Morgan’s corporate & investment bank, partnering across global investment banking, corporate banking, markets, commercial banking, and business banking, and most recently served as CEO of Chase Business Banking.
“This is an exciting time to be joining the team. Corporations of all sizes are looking for a bank with a global presence and expertise, and we’re hiring talented and experienced bankers in each market to deliver these capabilities in a disciplined and segmented approach,” said Kresse. “This is a long-term commitment made by the firm and you can expect to see us in many more countries over time.”
Other notable hires on the CCBSI European team have included:
- Dr. Bernhard Brinker, based in Frankfurt. He was previously divisional board member for private banking at UniCredit Bank AG.
- Marco Mariano, based in Milan. He was previously head of commercial banking for Italy at HSBC.
- Hein Broerse, based in Amsterdam. He was previously Thailand country head for the global subsidiaries group at Citi.
- Ignacio Álvarez-Cedrón, based in Madrid. He was previously head of global markets for Iberia for J.P. Morgan’s Corporate & Investment Bank.
- Claude Craciun, based in Paris. He was previously a senior relationship manager at Société Générale.
J.P. Morgan has also named Pravin Advani head of CCBSI Asia-Pacific, based in Singapore. A 28-year industry veteran with extensive international banking experience, Advani previously served as head of global trade and loan products for J.P. Morgan’s Corporate & Investment Bank.