J.P. Morgan has appointed Laurent Vanderweyen to the role of general manager of J.P. Morgan Bank Luxembourg. Vanderweyen previously worked at RBC Dexia Investor Services SA in Luxembourg, where he was managing director and chairman of the Executive Committee.
Vanderweyen was promoted from chief administrative officer to managing director during a management reshuffle at RBC Dexia in March 2009. At little over one year on, he will join J.P. Morgan in July 2010, and will have executive responsibility for the Luxembourg office and will serve as a Board member of J.P. Morgan Bank Luxembourg S.A. He will lead J.P. Morgan’s Worldwide Securities Services business in Luxembourg.
Dan Kramer, J.P. Morgan’s Global Fund Services Operations executive, said: “We are delighted to announce Mr. Vanderweyen to the leadership team in Luxembourg as J.P. Morgan consolidates its top position in building successful business partnerships with many of the world’s leading fund managers. Mr. Vanderweyen joins us to enhance our operations as we strengthen our organization to ensure we continue to address the fund industrys increasing demand for custody and administration services.”