Read the text and determine if the sentence is true:

Sept 4 (Reuters) - J.P. Morgan Asset Management, a unit of JPMorgan Chase & Co, said it appointed Pietro Grassano the new country head for France. Based in Paris, Grassano started in his new role on Sept. 1, J.P. Morgan Asset Management said in a statement. Grassano, who has been with the company since 2002, was previously the head of sales for Italy, covering wholesale and retail distribution. He has earlier worked at BNP Paribas Asset Management.

Sentence: JPMorgan Chase & Co has several units within the company.
Yes