JPMorgan announces Steve Groppi's replacement

A few months after Steve Groppi's departure from Asia, JPMorgan has named Alexander Caviezel as head of its global payment, trade finance and treasury management business in the region. Groppi, who moved to London to take responsibility for the bank's treasury services in Europe, the Middle East and Africa, has been watching over Asia while a replacement was found. Caviezel will relocate to Hong Kong and take up the new job in September.