Yawar Shah has been named Global Operations Executive for JPMorgan’s Investor Services and Institutional Trust Services Businesses.
Shah, an Executive Vice President who has been with JPMorgan Chase for nearly 20 years, has currently been responsible for Retail Banking Service and Operations. He will now head operations globally for two businesses that support both issuer and investor clients. Together, these businesses represent over $9.1 trillion in assets under custody, and service over $6.7 trillion in debt and $250 billion in equities worldwide. Shah will report directly to Mike Clark, head of JPMorgan Investor Services and Institutional Trust Services.
“Yawar brings considerable experience in financial services management, strategic transformation and operations execution to this new role as we strengthen our operating platform to drive future growth,” said Mike Clark.
“This key appointment both expands our senior leadership team and demonstrates our continued commitment to invest in people and capabilities that will help our clients achieve their goals.”
Shah’s previous roles at JPMorgan Chase have included E-business executive for all the consumer businesses, Chief Operating Officer of the Global Private Bank, and general manager of Global Treasury Management Services.
In addition, Shah will retain his position as the U.S. director and deputy chairman of the board of directors of SWIFT, the global payments.
“The opportunity to lead operations for a best-in-class global securities services provider is very exciting,” said Yawar Shah on his new role. “I will focus on accelerating the development and delivery of our full service operating platform for the benefit of clients worldwide.”