People walking by JPMorgan Chase's Manhattan office tower Momo Takahashi/BI 2025-04-23T16:11:16Z Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? JPMorgan promoted 118 people in global banking and markets to managing director. The bank began announcing the new MDs internally on Monday, a person familiar with the matter said. Business Insider obtained the full list in global banking and markets — take a look. JPMorgan Chase this week promoted 118 people in global banking and markets to the rank of managing director, the firm's highest designation outside of the C-suite.The number is up slightly from the 116 executives the firm elevated to managing director in these business lines last year. The new MDs sit within JPMorgan's commercial and investment banking unit, which advises companies with mergers and stock sales and facilitates trades for large investors. In addition to bankers and traders, the company also elevated people who work in functions like legal, risk, and compliance.The bank began internally announcing promotions across the company on Monday, a person familiar with the matter said. It's part of an annual investment banking ritual the bank engages in each April.Eighty-six of this year's new MDs in the division sit within banking, including M&A advisory and corporate lending; another 32 are in markets. An analysis of the new managing directors' LinkedIn profiles shows they stem from all over the world. Some are based in New York or Dallas; others in London, Frankfurt, or Singapore. As of press time, many members of this year's MD class had not updated their LinkedIn pages with their new roles, leaving the title of "Executive Director," one rung below MD, in their profiles.The commercial and investment bank generated roughly $19.7 billion in revenue for the first quarter of the year, according to the bank's most recent earnings figures; that's up nearly 12% year over year. Banking and payments revenue of $8.7 billion was up 4% year over year; markets and securities services revenue was up 19%. (Markets-specific revenue of $9.7 billion was up 21%, the firm said, amid heightened equities activity.) Overall, JPMorgan said this month that it produced $14.6 billion in net income for the quarter."Clients have become more cautious amid an increase in market volatility driven by geopolitical and trade-related tensions," Jamie Dimon, the company's CEO, said in a statement accompanying the release. He also recently addressed a variety of issues facing the economic and US democracy, including stagflation and the specter of a possible recession, in his annual shareholder letter.Last year, JPMorgan was the third-ranked M&A advisor globally (after Goldman Sachs and Morgan Stanley) and second-ranked in the US (after Goldman), according to the deal tracking firm Dealogic. Globally, the firm advised on 403 transactions with a total deal value of about $760 billion; in the US, specifically, it worked on 228 deals with value of roughly $481 billion, Dealogic found.JPMorgan's MD promotions in the division come as investment banking, generally, has confronted headwinds under the Trump administration. The chilling effect of tariffs and trade wars roiled markets and spooked investors in recent weeks, contributing to a global selloff that has stalled the M&A and IPO pipelines.In addition to its commercial and investment bank, the firm also conducts promotions in its other businesses, ranging from tech to asset management.Here's the full list of names of 118 new managing directors in global banking and markets.Global BankingDaniel Adams, global investment bankingBrent Ballard Jr., global investment bankingAlex Bilichenko, global investment bankingHenry Capper, global investment bankingHenri de Branche, global investment bankingJon Edwards, global investment bankingJason Gorak, commercial bankingJeanne Ho, commercial bankingEd Johnson, commercial bankingSid Lahiri, global investment bankingJustin Look, global investment bankingMithil Mehta, global investment bankingGabor Pogany Ritter, global corporate bankingSebastian Rodriguez, global investment bankingMahesh Ahlawat, global investment bankingJeff Barker, commercial bankingLisa Bono, commercial bankingMei Chang, global investment bankingIngrid Deroubaix, commercial bankingOmar El Amine Fichtali, global investment bankingBen Grant, global investment bankingMatt Holdaway, global servicesTucker Kaufmann, commercial bankingYing Li, global corporate bankingLouis Magraner, global investment bankingStephen Molloy, global investment bankingMatt Renna, commercial bankingVictor Ruiz, commercial bankingMarc Andersen, global investment bankingGina Baumgartner, global servicesChiara Bovo, global investment bankingZuriel Chavez, global investment bankingPaul Drayton, commercial bankingMarc Epstein, commercial bankingJulia Grinshpun, commercial bankingGraham Holden, global investment bankingSonam Khare, global investment bankingStephanie Little, global corporate bankingBrandon Mallette, global investment bankingCharlie Oakes, global investment bankingMichael Rhodes, commercial bankingLy-Yen Sacco, global corporate bankingIsabela Bacchi, global corporate bankingLouise Bennetts, global investment bankingGauthier Brizard, global corporate bankingLorenzo Colonna di Paliano, commercial bankingAnjali Dubey, product & experienceHideo Fujimoto, global investment bankingTiffany Hatchett, commercial bankingSaiko Hoshino, global investment bankingJaewon Kim, global corporate bankingNiklas Ljungquist, global corporate bankingHasan Mannan, commercial bankingViraj Patel, global investment bankingMike Rhodes, global investment bankingJay Sanghani, global investment bankingKeats Baldwin III, commercial bankingBruno Biagini, global investment bankingJason Campbell, commercial bankingAly Cunningham, commercial bankingJonty Edwards, global investment bankingLisa Gomez, commercial bankingAaron Hilton, global servicesParul Jhunjhunwala, global investment bankingArjan Kreischer, global investment bankingDoug Loftus, commercial bankingBen McNulty, global investment bankingBryan Payne, global investment bankingEric Rinder, global investment bankingEric Schwarzbach, global corporate bankingDuncan Sennott, commercial bankingJames Summer, global investment bankingAbel Thai, global servicesJim Tomtania, commercial bankingHaley Trethaway, global investment bankingManoj Vemula, global investment bankingAnastasia Volnova, global investment bankingTeresa Walker, commercial bankingSheria Washington, commercial bankingGregor Weber, global corporate bankingPhillip Wiginton, commercial bankingFlorian Will, global corporate bankingDaisuke Yoshizumi, global investment bankingPeck Yuen Yong, global servicesChristine Zhang, global corporate bankingFei-Fei Zhang, global investment bankingMarketsShalabh AgrawalMark AmlinTaoufik BounharAaron CasdenPatrick ChuAmelie DarrortAlex DaumCyprien DecouxIrina DushkevichKer Lih GanSarah GangFelix GrimauSiddharth GuptaAndrew Hart-FoxMoulay JaidiManish JainJason KendallAlexander KueblerElisa LassMatt LegerEmma MaAnnie MarinaroChristopher J McCannYasuhiro NishikawaMeghan O'KeefeRuchira PatelWill PeakMatt PennellaJohn SchlegelMichael SistoRob Tanna-SmithShilong YangHave a tip? 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