JP Morgan has appointed Jose Berenguer as senior country officer of Brazil, effective 1 April 2013.
Berenguer (pictured) will report jointly to Mary Callahan Erdoes, chief executive of JP Morgan Asset Management, and Martin Marron, chief executive of JP Morgan’s Latin America franchise.
"We are thrilled to build on the success of our Gavea partnership and welcome Jose to JP Morgan in an expanded role," Erdoes says. "Jose brings more than two decades of local and global experience across wholesale banking, a client-first mindset, and a proven track record of leading and growing organisations."
Senior country officers are responsible for building and managing JP Morgan’s regional presence across lines of business, including asset management and the corporate and investment bank. They play a central role in delivering the firm’s global capabilities to local clients.
"Brazil is one of our most important markets in Latin America," Marron says. "We have built great momentum across all of our businesses in the region and we look forward to Jose’s help in taking our JP Morgan franchise to the next level."
Berenguer was most recently CEO of structured credit at Gavea Investimentos, which he joined in March 2012. Gavea Investimentos was co-founded in 2003 by Arminio Fraga, former [resident of the Central Bank of Brazil. In October 2010, JP Morgan Asset Management purchased a majority interest in Gavea.
Before joining Gavea Investimentos, Berenguer spent five years with Banco Santander where he served in a number of roles including CEO of the wholesale and investment bank, asset management, private banking, consumer finance and retail banking businesses. Berenguer also served on the board of directors for Banco Santander Brazil.
