JPMorgan European Head Relocates London to New York

Filippo Gori, JPMorgan Chase & Co.'s European CEO and co-head of global banking, is relocating from London to New York while retaining leadership over the company's operations across Europe, the Middle East, and Africa. Despite the move, Gori will spend at least half of his time in the EMEA region to maintain close oversight and visibility with employees and clients. This relocation aligns with a trend of senior bankers managing UK-based operations from the US, as seen with other banking executives. JPMorgan's stock has an average one-year price target of $272.04 from 23 analysts, indicating a modest upside, while GuruFocus projects a potential downside to $211.73 based on valuation metrics. The move comes amid JPMorgan’s ongoing leadership reshuffles as executives position themselves for future succession, with Gori sharing global banking leadership alongside John Simmons in New York.