JPMorgan Moves Treasury Unit to Sao Paulo

JPMorgan has relocated the headquarters of its treasury and security services unit for LatAm to Sao Paulo from New York. The move includes the relocation of unit head Mike McKenzie. The shop recently hired Leonardo Lima as head of treasury and securities services in Brazil and treasury services products for LatAm, and appointed Jose Antonio Serrano executive director and country head for Mexico. The treasury services unit offers payment, collection, liquidity and investment management, trade finance, logistics, commercial card and information solutions. “Other US and international banks manage Latin America from New York or Miami. We feel that it is extremely important for us to be in the region every day, closer to our clients and the markets,” says McKenzie.