JPMorgan has elevated its two senior originators to the positions of co-heads of Asian ECM sealing a series of changes within the group this year. Jonathan Back and Rupert Fane become co-heads of Asia ex-Japan, ex-Australia, while their colleague Alex Large will relocate to Sydney to become head of ECDM for Australia.

All three will continue to report to Andrew Cooper "man" who has been head of ECDM for the whole of Asia Pacific since September last year. Back's promotion sees yet another of the ex-Goldman mafia assume an ECM headship following Matthew Koder's move to UBS over the summer. He will continue to cover TMT as well as benchmark deals in Singapore, Taiwan, Korea and India.

Fane, meanwhile, remains one of only a handful of survivors from Jardine Fleming and will cover China, the TIP countries and GIG (general industries). His former syndicate duties will be taken over by Stefan Weiner, who will report into him.

Large, who has been in Asia for about two-and-a-half years, has helped spearhead JPMorgan's rise up the equity-linked league tables. Achintya Mangla will now take up his role co-ordinating the firm's CB origination effort.

JPMorgan loves its co-heads and Cooper himself reports into Nick “tattoo you” Andrews and David Hancock, co-heads of the Asian equities division. Andrews became co-head of Asian equities earlier this year after co-heading the ECDM effort with Cooper since September 2002.

Since he joined the firm in May 2002, Andrews must have gotten a great deal of satisfaction from JPMorgan's rapid ascent of the equity league tables. This year in particular, has seen the firm cement its position as a true bulge bracket player in the region's equity markets.

In the second half of the year, it has been the most geographically diverse of any bank, with transactions in Hong Kong, Taiwan, Korea, Malaysia, Indonesia and India. The team numbers about 12 in pure ECM and a further four in derivatives, although a number of the associates float between groups in the firm as a result of its pooling system to efficiently allocate resources.