JPMorgan Chase appoints new global co-heads for healthcare and technology investment banking to bolster its leadership in these sectors. Learn more about their strategic leadership changes.
Bollywoodfever: JPMorgan Chase announced significant leadership changes on Thursday as part of its efforts to strengthen its healthcare and technology investment banking divisions, according to an internal memo seen by Reuters.Â
Ben Carpenter and Jeremy Meilman have been named global co-heads of healthcare investment banking, while Chris Grose and Greg Mendelson will lead the technology investment banking division as global co-heads.
Investment banking continues to be a bright spot for JPMorgan and other major Wall Street firms, driven by increased capital-raising activities and takeover deals fueled by growing confidence in the U.S. economy.
In the second quarter of 2023, JPMorgan’s investment banking revenue surged 46%, reaching $2.5 billion, supported by a strong resurgence in dealmaking.
Ben Carpenter rejoined JPMorgan from Citigroup in 2021, bringing his expertise in healthcare mergers and acquisitions (M&A), while Meilman has been with the bank for nearly 20 years.
Chris Grose, who joined the firm in 2005, has led the technology and diversified industries team, and Greg Mendelson, who joined in 2015, most recently served as vice chair of investment banking.
Doug Petno and Filippo Gori, co-heads of global banking at JPMorgan, expressed their confidence in the new leaders, stating, “Our clients and colleagues will benefit greatly from their networks, strategic insights, and market expertise.”
Additionally, JPMorgan named Mike Gaito as the global chair of healthcare investment banking, and Pankaj Goel, Madhu Namburi, and Drago Rajkovic as global chairs of technology investment banking, further bolstering its leadership across key sectors.
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