JPMorgan Chase has restructured its management team in Germany, Austria and Switzerland as Karl-Georg Altenburg is leaving the firm to join Deutsche Bank.

As part of the move, Martin Wiesmann has been named as senior country officer of Germany to oversee all lines of business.

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Wiesmann served as investment banking head in Germany and Austria since August 2012 and before joining JP Morgan in 2007, he worked for 12 years in the investment banking division of Deutsche Bank in Frankfurt.

JP Morgan has also appointed Pascal Ravery as chairman of the Swiss Management Committee in addition to his current role as vice chairman of European Investment Banking.

Ravery joined JP Morgan in 1992 and has held leadership positions in M&A and in France, as well as managing pan-European coverage of large clients on some of their most transformative deals.

Additionally, Nick Bossart has been promoted to senior country officer of Switzerland effective immediately.

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Prior to joining JP Morgan in 2012, Bossart worked for Deutsche Bank for 12 years in London and Zurich in areas including Swiss Corporate Finance, Global Banking, and Investment Banking Coverage & Advisory.

Furthermore, Anton Ulmer has been named as senior country officer of Austria with effect from 1 April.

Ulmer joins from Morgan Stanley, where he led the investment banking business in Austria since 2007. He previously worked for five years at JP Morgan in M&A before becoming head of corporate development and a member of the Management Committee at Wienerberger in Vienna. He has also worked in the Investment Banking division of Deutsche Bank.

Viswas Raghavan, banking head for EMEA, said: "This new team will serve our clients with fresh ideas using all of JP Morgan’s global resources, from our fortress balance sheet to the full capabilities of our diverse businesses around the world."