An internal announcement, sent to staff by Steve Black and Bill Winters, co-heads of the investment bank, confirmed that the bank is to merge its G10 FX and rates businesses and combine all its emerging markets into its wider EM platform. According to the announcement, the changes will enable the bank to better manage common market risks and to offer clients better coverage and execution. JPMorgan will streamline its organization by combining these teams and infrastructure to be more efficient, freeing up resources to focus on our growth areas in the FX/rates products.
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