JPMorgan has named Martin Marron as the new CEO of its International Private Bank (IPB), replacing Alejandro Nicolas Aguzin.

Martin Marron is currently the CEO of its Latin America private bank and also the head of Latin America and Canada.

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In 1992, Marron joined J.P. Morgan Buenos Aires in the role of a fixed income trader.

He later led External Sovereign Debt and then headed the Local Markets teams in Argentina and Brazil.

He also served as the co-Senior Country Officer of Brazil, head of Global Emerging Markets Americas Sales and Trading, and head of Investment Banking for Latin America.

He previously had stints at Price Waterhouse, Credit Lyonnais and Citibank.

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Aguzin has been appointed as the CEO of Hong Kong Exchanges and Clearing (HKEX).

He will assume the new role on 24 May 2021 until 23 May 2024.

Aguzin has spent over three decades at JPMorgan. Before becoming IPB CEO, he was JPMorgan Asia Pacific CEO.

During his tenure, he also held several other roles including head of Investment Banking for Asia Pacific and CEO of JPMorgan Latin America.

Commenting on Aguzin, HKEX chairman Laura M Cha said: “He brings with him a wealth of international and regional experience in capital markets and financial services, including extensive knowledge of Mainland China, having served as chief executive for JP Morgan in Asia. This will be invaluable to us as we continue to build our business’ success, as well as drive the ongoing growth and development of Hong Kong as a leading international financial centre.

“As a highly respected and experienced executive, his broad experience in Greater China, the Americas and globally, makes him extremely well-placed to lead HKEX as we enter a post-Covid world, with the many opportunities and challenges that this will bring. Mr Aguzin’s skills and expertise will help us drive forward our strategy, utilising our deep China experience, but also reinforcing our international reach and relevance.”