JPMorgan Chase has overhauled the leadership of its global investment banking division, appointing Dorothee Blessing, Kevin Foley, and Jared Kaye as co-heads in a trio structure designed to strengthen the bank’s position at the top of a fiercely competitive industry.
The appointments, announced on May 13, 2026 and effective immediately, signal a deliberate effort by the Wall Street giant to refresh its senior ranks at a moment of strong dealmaking activity — and to ensure its investment banking operation remains as formidable as ever heading into the next phase of the market cycle.
The newly appointed co-heads will jointly oversee JPMorgan’s global investment banking operations in their entirety — spanning client coverage, dealmaking, and the firm’s industry groups. All three will report directly to John Simmons and Filippo Gori, who serve as co-heads of JPMorgan’s broader global banking division, placing the new trio within one of the most consequential leadership structures in global finance.
The decision to install three co-heads rather than a single successor reflects a broader organisational philosophy — one that distributes leadership across complementary areas of expertise rather than concentrating it in a single individual.
The Trio: Who They Are and What They Bring
Each of the three appointments carries a distinct and well-established track record. Dorothee Blessing steps into the role from her previous position as head of global investment banking coverage. A veteran dealmaker with roots at Goldman Sachs, she is widely regarded as one of the most well-connected figures in European banking, bringing deep client relationships and cross-border transaction expertise that will be central to the division’s international ambitions.
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Kevin Foley arrives from his role as global head of capital markets, where he built a reputation for excellence in both debt and equity capital raising. His appointment brings a markets-facing perspective to the co-head structure — critical at a time when capital markets activity is once again gaining momentum.
Jared Kaye, New York-based and formerly global co-head of the Financial Institutions Group banking division, contributes deep and specialised experience in financial sector coverage — a segment that sits at the intersection of regulation, capital, and deal flow, and one that JPMorgan has long dominated.
The restructuring is not simply a change of faces at the top. It reflects JPMorgan’s ongoing commitment to proactively refreshing its leadership pipeline while maintaining the institutional continuity that has kept the bank at the summit of global investment banking revenue rankings year after year.
With dealmaking activity showing renewed strength and competition among the world’s leading investment banks as intense as ever, the timing of the reshuffle is pointed. JPMorgan is not resting on its record — it is reinforcing the foundation that built it.
For Blessing, Foley, and Kaye, the mandate is as clear as it is demanding: keep JPMorgan exactly where it is — at the very top.