JPMorgan Names Michelle Herrick to Run Commercial Real Estate

JPMorgan Chase & Co. named Michelle Herrick the next head of its $145 billion commercial real estate business, succeeding Al Brooks, who has overseen the unit for nearly a decade.

Herrick, who was named deputy head of the business earlier this year, will take over in January and report to John Simmons, JPMorgan’s head of commercial banking, according to an internal memo Wednesday. Brooks will become a vice chair for commercial banking.