JP Morgan has named Asif Raza as head of corporate banking, Mena.

He leaves his role as head of treasury services in the region, to be replaced by Ali Moosa, previously head of treasury services, financial institutions. Moosa will continue to have responsibility for this area of the business.

Raza will report to Jose Linares, head of global corporate banking, Emea and Sjoerd Leenart, head of the bank’s Mena operations. He will continue to be based in Dubai.

The move is part of the bank’s ongoing efforts to merge their treasury services and corporate banking departments. Part of Raza’s remit will be to provide large multinational companies, financial institutions and public sector organisations with such treasury products as cash management and liquidity solutions.

Over 17 years with JP Morgan, Raza has headed up teams in New York, London, Singapore and Dubai. Moosa, meanwhile, has been with the bank for 20 years and will continue in his role as senior country officer for Bahrain, Egypt and Lebanon, and will take a seat on the Mena regional management committee. Moosa will report to Leenart regionally.