JP Morgan’s Ireland head Carin Bryans to step down next year

JP Morgan's senior country officer for Ireland, Carin Bryans, will retire early next year after more than three decades with the US banking giant.

Ms Bryans has led the group's Irish operation since 2002, and was one of five staff who launched its support services business for international funds in the country, the bank said in an email issued to staff in Europe on Thursday afternoon.

The bank now has 800 staff in the Republic, in both securities services as well as its new cybersecurity hub.

Ms Bryans will be succeeded by Marc Hussey, also an Irish national, who will be returning to the company after a couple of years out doing some personal projects. He was previously the head of South Africa and all of sub-Saharan Africa for JP Morgan, and head of the global corporate bank in that region, based in Johannesburg.

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Financial services

JP Morgan Bank (Ireland), the group’s main legal entity in Ireland, provides fund accounting, shareholder services, trustee services and global custody services to international clients, having transferred its treasury and cash management operation in 2018 to a Dublin branch of the group’s Luxembourg banking subsidiary.

JP Morgan is currently in the process of folding its Irish and Luxembourg banking subsidiaries into its German operation to reduce its number of banking units in the European Union to one, based in Frankfurt.

Pending regulatory approval, Mr Hussey will become manager of the Dublin branch of the US group’s future JP Morgan SE unit in Frankfurt.

Meanwhile, Fearghal Woods, who leads JP Morgan's securities services exchange-traded funds (ETF) business globally from the Republic, and serves as chief executive for its Irish fund administration entity, will take over Ms Bryan's responsibilities for the securities services business in the country.

“We want to take this opportunity to thank Carin for her drive, dedication and leadership over the years, and we wish her well in all her future endeavours,” the email said. “We would also to like to welcome Marc back to the firm and congratulate Fearghal on his expanded role. We look forward to them building on the success of our Irish franchise.”