JPMorgan Shakes Up Corporate Advisory Amid Low-Carbon Transition Shift

JPMorgan Chase & Co. is undergoing a significant reshuffle in its corporate advisory team, resulting in the departure of Rama Variankaval, who served as the global head of corporate advisory for 23 years.

According to a spokesperson for the bank, Variankaval's specialist team will be merged with broader energy services, which will now encompass climate advisory and other energy-related themes. This move is likely in response to the growing importance of AI and geopolitics in shaping global energy demand.

The exact date of Variankaval's departure was not specified, but it is confirmed that he will leave the company this month.