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Thursday, January 20, 2011

JPMorgan shuffles M&A team, hires Cravath lawyer, (NYSE: JPM)

JPMorgan Chase & Co (JPM.N) shuffled the management of its deals advisory business on Thursday, moving two long-time managers to senior relationship roles and hiring a prominent corporate lawyer. Jimmy Elliott, who has been global head of M&A for more than five years, will become global chairman of M&A and work with the firm's most important clients on strategic transactions. 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.