JPMorgan Chase & Co. has appointed global co-heads of mergers and acquisitions for its team catering to large private equity firms and other financial investors.
Haidee Lee and Carsten Woehrn will co-lead M&A for the bank’s strategic investor group, according to an internal memo seen by Bloomberg News. The group, which has about 20 bankers, has executed more than 200 deals for buyout firms, infrastructure funds, sovereign wealth funds, alternative asset managers and others.
JPMorgan recently named Woehrn, who joined the bank in 2000, as the co-head of its M&A business in Europe, the Middle East and Africa, following a reshuffle of its leadership in the region. Lee joined the bank in 2021 to lead sponsor M&A business for North America.
Woehrn and Lee will report to Anu Aiyengar, JPMorgan’s global head of mergers and acquisitions, according to the memo. A representative for JPMorgan confirmed the contents of the memo.
Private equity deal activity, which has been hard hit this year by higher interest rates and valuation concerns, is showing signs of recovering as firms slowly begin to deploy their record levels of capital. CVC Capital Partners is in the early stages of considering a potential bid for European payments firm Nexi SpA, Bloomberg News reported last week. Meanwhile, Blackstone Inc. and Permira are weighing a takeover of classifieds company Adevinta AS in what would be one of the year’s biggest buyouts.
The firm's CFO and EVP of Wealth Management Solutions are the latest executives to exit the broker-dealer.
Clients are saying they would consider switching advisors if another professional offered estate planning services, according to a new Trust & Will survey.
CEO Laurel Taylor says the fintech's composable AI stack helps workers optimize dollars across Trump Accounts, 529s, 401(k)s, and other employee benefits.
The bank has swiped three private banking veterans from BNY as the city climbs the ranks of America's fastest-growing wealth hubs.
Employee accounts, crypto trials and job cuts frame a pivotal year for the Swiss lender.
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.
