JPMorgan Treasury Services has appointed Steve Groppi to the position of Europe, Middle East and Africa regional executive. In addition to the new role, Groppi will maintain his position as regional executive for the Asia Pacific region.

Groppi has 25 years of experience in the payment and treasury management business and will be responsible for sales, product management, marketing, technology and operations for both regions.

"As the No. 1 non-indigenous provider of Euro clearing, JPMorgan clearly places a great deal of importance on this region," Groppi said. "We are exploring a number of new business lines and will continue to enhance our core solutions and services to meet our clients needs."

Groppi will report to Lori Hricik, treasury services global executive.

"Payment and treasury management is an important component of the broad solutions we offer clients, especially in Europe where the universal model is vital to success. Steve Groppi's leadership and experience will bring our clients even better solutions in the future."

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