JPMorgan has confirmed the revamped structure of its in-house legal team following the merger of its investment bank and treasury and securities units, with senior London-based lawyer Karen Linney taking on a broader role as Emea general counsel for the overall business.
Linney, previously general counsel of the investment banking division, has been appointed as legal chief for the so-called corporate and investment bank, which was formed following the combination of the two separate arms earlier this year.
She was originally promoted to general counsel of the investment bank in 2008, having joined legacy Chase Manhattan, which merged with JPMorgan in 2000, from Clifford Chance in 1993 (4 February 2008).
JPMorgan said Linney had been involved in “critical Emea and global projects”, including those related to Libor and the chief investment office (CIO), which was reviewed following a $5.8bn trading loss. Her new role will also cover the bank’s global wealth management unit.
Separately, the group has appointed New York-based Diane Genova, who was general counsel for the CIO review, as overall general counsel for markets and investor services. She sits on the executive committee of the International Swaps and Derivatives Association.
Meanwhile, Asia-Pacific general counsel Mike Dunn, previously based in Hong Kong, has switched to New York to become general counsel for the company-wide banking division.
Aside from Linney, the bank has unveiled regional legal heads following the divisional restructuring in the form of newly appointed Latin America general counsel Facundo Gomez Minujin, previously the senior country officer for Argentina, Uruguay and Bolivia, a role that he will continue to hold. Asia investment bank general counsel JT Murphy has taken on the wider general counsel role for the Asia-Pacific region.
The appointments follow the hire of Sullivan & Cromwell New York litigation partner Stacey Friedman into the bank’s in-house team as overall general counsel for the corporate and investment bank in August. She reports to bank-wide general counsel and former WilmerHale partner Steve Cutler.
A JPMorgan spokesperson said: “Karen, Facundo and JT have demonstrated exceptional legal expertise and judgment in their respective regions. Their partnership with colleagues across the department and business lines will be essential to the integration and connectivity of our global team.”