JP Morgan Chase has hired Mel Martinez, former Senator and HUD secretary, as its chairman of Florida, Mexico, Central America and the Caribbean.

Mr Martinez will be based in Orlando. He will serve on its executive committee and will be the firm’s senior executive in Florida and the region, representing the firm at the most senior levels to clients – from businesses to large corporations to non-profits and governments.

Jamie Dimon, chairman and CEO of JP Morgan Chase, said: “He has served the people of Florida well at both the local and national level and now he will help JP Morgan Chase continue our expansion to serve the consumers, businesses and communities of Florida and the region.

“Mel’s record of perseverance, hard work and integrity is a perfect complement to the many Chase and JP Morgan executives and bankers already there.”

Mr Martinez said: “I’m thrilled to accept this new challenge and look forward to building upon the reputation of this premier financial services company. The firm is a global leader, and it’s an honor to take on this role in Florida, Mexico, Central America and the Caribbean.”