Investment bankers at JPMorgan and Bear Stearns were greeted this morning with a glimpse of things to come.

JPMorgan investment bank heads Steve Black and Bill Winters named members of a new Investment Bank Management Committee. 

Not surprisingly, executives from the far-bigger JPMorgan dominated the management committee for the combined investment bank division.

Here is the memo, which was obtained by Reuters:

Message from Steve Black and Bill Winters
 
We have worked very closely with Alan Schwartz and the JPMorgan and Bear Stearns senior teams to evaluate the structures and talents from both companies to arrive at what we believe is the best business and leadership structure for our combined firm. Accordingly, we’re very pleased to announce the Investment Bank Management Committee. We believe this represents the leadership foundation that will help us create the top performing investment bank in the world.
 
We recognize this announcement does not include everyone in senior management — it aims only to cover the IB Management Committee and our direct reports going forward. There are still ongoing discussions with other key leaders on their roles, and more announcements from us will be following shortly once final decisions are made. Everyone on our management team below will also be sending out their own announcements clarifying their structures and management teams by mid-April.
 
We congratulate Don McCree and Mike Ashworth on their new roles within JPMorgan Chase. Don McCree will become an Executive Vice President for Treasury, Corporate Finance and Corporate M&A, reporting to Mike Cavanagh.
 
Don will be responsible for managing the firm’s capital, funding and corporate finance activities.  Mike Ashworth will become head of Global Technology Infrastructure (GTI) firmwide, reporting to Guy Chiarello.
 
The following represents the Investment Bank Management Committee for our combined firm reporting to us unless otherwise noted:
 
Investment Banking
We are aligning Investment Banking and M&A with Debt and Equity Capital  Markets. Putting strategic advice and origination together will enable us to serve clients more holistically, particularly during a time when  accessing capital will be both more challenging and more critical for them. Combining teams will also create greater efficiencies as we strive to become more nimble and productive in the changing markets. While we are aligning these functions on a regional basis, we will still maintain the important global connectivity and partnership that already exists  within those groups. The Syndicate functions responsible for risk decisions will remain in the Markets businesses to ensure we maintain the same disciplined approach to risk across the business.
 
Doug Braunstein will be the Head of Investment Banking and Origination in  the Americas, and continue to be responsible for M&A globally. Equity Capital Markets, Debt Capital Markets, and Syndicated and Leveraged Finance will now report to Doug.  Jeff Urwin will be Head of Investment Banking Coverage in the Americas, reporting to Doug, and will be a member of the Investment Bank Management Committee.
 
Klaus Diederichs will be Head of Investment Banking and Origination in  Europe, Middle East and Africa (EMEA).
 
Gaby Abdelnour will be CEO of Asia Pacific across the JPMorgan lines of  business and continue to have direct responsibility for Investment Banking and Origination in the region.
 
Global Markets
Jeff Mayer will become a Vice Chairman of the Investment Bank, focused on  Global Markets. In this role, Jeff will help us provide continuity across our markets businesses around the world and serve as another key resource and leader on business and risk issues.
 
Daniel Pinto will be head of Global Emerging Markets and will also run  Global Credit Trading and Syndicate. Daniel will be the Investment Bank Management Committee’s lead on Emerging Markets issues across businesses.
 
Carlos Hernandez will be head of Global Equities, including Prime  Brokerage, Global Clearing, and Futures and Options.
 
Tony Best will run Global Sales.
 
Craig Overlander will be a Vice Chairman of the Investment Bank, focused  on Investor Clients. In this role, Craig will focus on building out a best-in-class senior relationship management practice for our top investor clients.
 
Blythe Masters will be head of Global Commodities.
 
Matt Zames will be head of Global Rates, FX and Tax-Exempt Capital  Markets/Municipals.
 
Venu Thirunamachandran will be the head of Global Fixed Income Hybrids and Exotics.
 
Bill King and Mike Nierenberg will be co-heads of the Global Securitized Products business which includes MBS, ABS and CMBS platforms. The  business will also include the EMC servicing platform and the FAST groups.
 
The Structured Credit business will continue to be a joint venture with Venu Thirunamachandran.
 
Proprietary Positioning and Principal Investment Management 
Bill Johnson will be the head of a group that combines JPMorgan’s Global  Proprietary Positioning and Bear Stearns’ Principal Strategies businesses.
 
Bob Case will be the head of Global Principal Investment Management.
 
Risk
John Hogan will be the Chief Risk Officer.  Brian Sankey will be the Global Head of Credit Risk and Deputy Chief Risk Officer, reporting to John, and a member of the Investment Bank Management Committee.
 
Research
Nick O’Donohoe will run Global Research.
 
Staff Support:
Peter Cherasia will be the head Global Technology and Operations, and Real Estate.
 
Paul Compton will be the Chief Financial Officer and head of Global  Finance and Business Management.
 
Diane Genova will be General Counsel, reporting to Steve Cutler.  As we announced last week, Travis Epes asked us prior to the merger to take a leave of absence, and we look forward to his return to the firm in the fall.
 
Kristin Lemkau will be the head of Global Marketing & Communications.
 
Gina Palmisano will be the head of Global Human Resources. While she is  in transition back from maternity leave, John Bradley will join the IB  Management Committee and provide additional on-site leadership on the people front.
 
Joel Tancer will be the head of Audit, reporting to Martha Gallo.
 
In addition to those above, Walter Gubert and Jimmy Lee, as Vice Chairmen of JPMorgan Chase, remain ex-officio members of the IBMC and continue in their existing roles.
 
We’re very pleased with the talent and potential of this leadership team.
 
This group can now continue the work of bringing our combined firm together and helping us exceed our clients’ expectations.
 
You will be hearing from each of them within the next few weeks with details on their own structures and leadership teams.
 
We understand how difficult merger integrations are and the strain both the workload and the changes can put on everyone. Clearly, this merger has been unusual in its complexity and its pace and we want to thank everyone at Bear Stearns and JPMorgan for working so hard — many around the clock — for the past two and a half weeks. We know the next few weeks will continue to be challenging as we work to integrate our companies to begin operating as one firm on Day 1.  But together, we’ve made remarkable progress to date, and we look forward to operating as one company very soon.
 
April 4, 2008
 
Message sent to Investment Bank colleagues globally, the merger integration team and the Executive Committee.

(Reporting by Joseph A. Giannone and Paritosh Bansal; Photo credit: Reuters)