JPMorgan names two new CIOs for tech units

FILE PHOTO: The logo of Dow Jones Industrial Average stock market index listed company JPMorgan Chase (JPM) is seen in Los Angeles, California, United States, in this October 12, 2010 file photo. REUTERS/Lucy Nicholson

(Reuters) - JPMorgan Chase has appointed James Reid as chief information officer for a new unit focused on developing and modernising technology used by the bank's 250,000 employees, an internal memo sent on Friday and seen by Reuters showed.

Reid, who was most recently head of corporate technology's engineering and architecture team, becomes the bank's first Black CIO and the first Black member of its technology leadership team.