Its Friday, and Nicolás Aguzín has had a long week. He spent Monday night on a plane up to New York, Wednesday night on a plane down to Argentina for a lunch meeting with a client and Thursday night on a plane back to New York. He travels a lot as head of Latin American M&A at JPMorgan, meeting clients. And for most of the past year, hes had another job on top of that: running all of JPMorgans Latin America operations.
JPMorgan executives generally downplay the restructuring that happened in its Americas group last year. The message is that nothing much has changed: We always were the best, and we still are. But JPMorgans Latin America business now is very different from a few years ago. And Aguzín is at the...