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Foreign Exchange

JPMorgan appoints new European head of FX

JPMorgan has appointed a new European head of FX to replace Troy Rohrbaugh, who in June was promoted to global head of FX and rates, and has since relocated to New York, a bank spokesperson confirms

Kayhan Mirza, a 14-year veteran of JPMorgan and global co-head of options trading, has been promoted to the role of European head of FX, reporting directly to Rohrbaugh, who will oversee the bank’s North American business in conjunction with his global role. Mirza joined JPMorgan in 1998 as an analyst on the FX trading desk, before trading exotic options and G10 currency options. He was then appointed global co-head of trading in February 2010.

Mirza has also now been appointed sole global head of FX options, the spokesperson says.

JPMorgan was ranked seventh in the EMEA region in the 2012 Euromoney annual FX survey, gaining one place from the previous year. Globally, since Rohrbaugh was hired from Goldman Sachs as global head of FX, JPMorgan has almost doubled the firm’s market share, according to Euromoney Market Data, lifting it to a top-five position in the 2011 survey.

The bank fell one position to sixth in this year’s survey, though it still grew volumes by 20% during the 12-month period.

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