JPMorgan just made a big change in its giant investment bank

JPMorgan is making a big change in its corporate and investment bank.

The bank has named David Hudson to the new role of global head of markets execution, according to a memo seen by Business Insider.

Hudson will also become a member of the CIB management team. The memo was sent by Daniel Pinto, head of the CIB unit.

Hudson was most recently chief financial officer of global markets, and has previously worked in fixed income and equities. Before joining JPMorgan, he worked in the internet and telecoms industry.

His promotion is part of an effort by JPMorgan to adapt to changing market structures. He will work closely with the sales, trading and research businesses and take responsibility for the bank's electronic distribution channels, according to the memo.

"In this new role, David will assess emerging trends, technologies, electronic platforms, and potential partnerships - inside and outside the bank - that could transform the way we, and our clients, do business," the memo said.

Pinto has spoken at length in the past about JPMorgan's efforts to prepare itself for changes to how the market operates. Trading is increasingly conducted over electronic platforms, and the fixed income marketplace in particular is changing at a pace.

Speaking at the bank's investor day in February, Pinto said:

You cannot dictate how the clients, some of you, will decide to execute your transactions. What we can do is create all the avenues for you not to have a reason not to execute with us and going somewhere else. And this is what it's about.

It is all a part of JPMorgan's plan to make sure it is prepared for the future. Business Insider reported late last year that the bank is "aggressively" investing in the next generation of technology like blockchain and robotics, and that the investment drive in these areas is part of its "major priorities" in 2016.

JPMorgan generated $5.7 billion in revenues in the markets and investor services business in the first quarter, down 13% from the first quarter of 2015. The decline was less steep than the drop in revenues recorded by its peers.