John Straus, the head of JP Morgan Private Bank’s business in the US, has stepped down, according to reports in the US media. Mr Straus will...

John Straus, the head of JP Morgan Private Bank’s business in the US, has stepped down, according to reports in the US media. Mr Straus will be replaced by Catherine Keating, who headed up the bank’s global wealth advisory and fiduciary services. A former Morgan Stanley banker, where he headed the private wealth management section, Mr Straus had been at the top position at JP Morgan for five years.