NEW YORK (Reuters) - JPMorgan Chase & Co said on Tuesday it is replacing its chief financial officer Michael Cavanagh with Doug Braunstein, the company's head of investment banking for the Americas, effective immediately.
Cavanagh will become the bank's chief executive of treasury and securities services, the company said in a statement.
The shuffle is part of the bank's effort to broaden the experience of its executives, Chief Executive Jamie Dimon said in the statement.
Cavanagh replaces Heidi Miller, who was named to a newly-created role as president of international business. In this role, Miller will be responsible for boosting JPMorgan's businesses outside of the United States, according to the statement.
(Reporting by Elinor Comlay; Editing by Derek Caney)
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