Director jumps from UBS to JP Morgan

JP Morgan Chase & Co. has tapped Joe Jiampietro, a former UBS AG managing director in the financial institutions and governments team, making him the latest to leave the Zurich-based bank. Mr. Jiampietro will join JP Morgan in July in its banks coverage team in the U.S., according to an internal memo reported by Financial News. During his tenure at UBS, Mr. Jiampietro specialized in banks and financial services. Prior to that, he worked at Zurich-based Credit Suisse Group. His hire follows that of Eric Warmstein who joined JP Morgan's FIG team from UBS earlier this month to focus on mergers and acquisitions. Last week, the FIG team also hired Tod Perkins as a managing director. Formerly a specialist in US depositary mergers and acquisitions from London-based HSBC Holdings PLC, Mr. Perkins has also worked at UBS.