FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015.

JPMorgan Chase & Co appointed Jabe Jerram and Simon Ranson as co-heads of investment banking (IB) for Australia and New Zealand, according to an internal memo seen by Reuters and confirmed by a spokesman in Sydney.

The new appointments replace Andrew Best, a 30-year company veteran who has been IB head for the last two years.

Dyson Bowditch has been appointed head of equity capital markets for Australia and New Zealand, replacing Jerram.