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Report: JPMorgan's head of real estate EMEA to retire, names replacement

JPMorgan Chase& Co.'s co-head of real estate and head of the business inEurope, the Middle East and Africa, will leave his role in January 2017,Reuters reported.

Massimo Saletti will replace Guillermo Baygual, who willcontinue as co-head for the diversified industries group.

Effective January 2017, Saletti will join the bank as headof real estate, gaming and lodging for the EMEA region and be co-head of globalindustry with Tom Grier, the news outlet reported, citing "a memo sent tostaff."

Saletti most recently served as co-head of 's real estate, gamingand lodging practice.