JP Morgan Chase in an internal memo has announced a reshuffling of its management team.

Among the moves, Barry Zubrow, who has been chief risk officer since 2007, will take on the new role as head of corporate and regulatory affairs. Zubrow will be responsible for all regulatory relationships and will continue to advise chief executive Jamie Dimon on risk issues. He will also retain his position on all the company's risk committees.

John Hogan assumes the role of chief risk officer. Hogan has been head of risk for the investment banking division for the past five years.