Paul Simpson has been appointed to lead trade, procurement and card services (TPCS) at JPMorgan Chase globally in the words of the bank, “to proactively manage products with common elements (credit, card processing, e-enablement)”. Reporting to Simpson are: Bruce Proctor, who has been appointed as head of trade services; Rich Erario will continue to manage the high growth of our (wholesale) commercial card offerings; Trish Preston will run both the EZPay and eFunds businesses; Bruce Alter will continue as head of trade services in Asia, also reporting locally to Steve Groppi; Alex Caviezel, in addition to retaining his role as head of trade services in EMEA (reporting locally to Steve Groppi), will manage eProcurement, which includes eProcurement, EBPP and Logistics (managed services) on a global basis; Enrico Dilello will continue as Simpson’s business manager and will take on additional responsibility for TPCS New Business Development.

The bank states that it will continue to focus extensively on core products while allocating additional emphasis to some of the high growth opportunity segments such as logistics (managed services), eFunds and procurement.