JPMorgan European operation names Chairman

|About: JPMorgan Chase & Co. (JPM)|By:, SA News Editor

Amid a regulatory push for foreign banks to boost governance of their local operations, JPMorgan Securities - the bank's (JPM +0.2%) main European holding company - hires Sir Win Bischoff to take over as chairman, replacing Tom Hoppe who is stepping down in January.

Sir Win exited the chairman's spot at Lloyds four months ago. He took on the chairman's role there in 2009 and helped steer the bank back to profitability following its part-nationalization.

A 50-year finance veteran in London, Sir Win has already joined the board as a non-executive and is lead independent advisor of the oversight committee at JPM's London branch.