By Paritosh Bansal
NEW YORK, Jan 20 (Reuters) - JPMorgan Chase & Co shuffled the management of its deals advisory business on Thursday, promoting Jimmy Elliott to global chairman of M&A and hiring a lawyer to replace a co-head of North American M&A.
James Woolery, a partner at law firm Cravath, Swaine & Moore, will join JPMorgan on Feb. 7 as co-head of North America M&A, with Chris Ventresca staying on as the other head.
Jeff Stute, who was earlier a co-head of North America M&A, will become head of North America healthcare coverage group.
Stute and Ventresca were named co-heads for North America M&A in 2008.
Stute will take over as head of healthcare from Robbie Huffines, who will become vice chairman of investment banking and focus on deepening the bank's relationships with the firm's most important clients.
Huffines, who was head of healtchare group for eight years, is advising Sanofi-Aventis on a $18.5 billion bid for Genzyme Corp. His other deals include the sale of Guidant to Boston Scientific and Merck's acquisition of Schering Plough.
Elliott, a 14 year veteran of the bank, has been global head of M&A for more than five years and will work with the firms most important clients on strategic transactions.
Elliott, a Texas resident, has been involved personally in some of JPMorgan's largest M&A assignments.
Woolery's recent clients include Air Products & Chemicals , National City, TXU and Universal Health.
Elliott, Woolery, Ventresca, Stute and Huffines will report to Jeff Urwin and Kevin Willsey, co-heads of North America Investment Banking.
(Reporting by Paritosh Bansal; Editing by Bernard Orr) Keywords: JPMORGAN/M&A (paritosh.bansal@thomsonreuters.com +1 646 223 6113; Reuters Messaging: paritosh.bansal.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
NEW YORK, Jan 20 (Reuters) - JPMorgan Chase & Co shuffled the management of its deals advisory business on Thursday, promoting Jimmy Elliott to global chairman of M&A and hiring a lawyer to replace a co-head of North American M&A.
James Woolery, a partner at law firm Cravath, Swaine & Moore, will join JPMorgan on Feb. 7 as co-head of North America M&A, with Chris Ventresca staying on as the other head.
Jeff Stute, who was earlier a co-head of North America M&A, will become head of North America healthcare coverage group.
Stute and Ventresca were named co-heads for North America M&A in 2008.
Stute will take over as head of healthcare from Robbie Huffines, who will become vice chairman of investment banking and focus on deepening the bank's relationships with the firm's most important clients.
Huffines, who was head of healtchare group for eight years, is advising Sanofi-Aventis on a $18.5 billion bid for Genzyme Corp. His other deals include the sale of Guidant to Boston Scientific and Merck's acquisition of Schering Plough.
Elliott, a 14 year veteran of the bank, has been global head of M&A for more than five years and will work with the firms most important clients on strategic transactions.
Elliott, a Texas resident, has been involved personally in some of JPMorgan's largest M&A assignments.
Woolery's recent clients include Air Products & Chemicals , National City, TXU and Universal Health.
Elliott, Woolery, Ventresca, Stute and Huffines will report to Jeff Urwin and Kevin Willsey, co-heads of North America Investment Banking.
(Reporting by Paritosh Bansal; Editing by Bernard Orr) Keywords: JPMORGAN/M&A (paritosh.bansal@thomsonreuters.com +1 646 223 6113; Reuters Messaging: paritosh.bansal.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.