Viswas Raghavan, the head of banking for JPMorgan in Europe, the Middle East and Africa, has been handed control of the Wall Street bank in the region.

The promotion gives Raghavan oversight of JPMorgan's wider business lines — including its investment arm JPMorgan Asset Management — at a crucial time, with sweeping new EU regulations under Mifid II and the ongoing uncertainty around Brexit at the top of the agenda.