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Friday, January 31, 2014

JPMorgan hires new co-head for healthcare in EMEA, (NYSE: JPM)

JPMorgan Chase & Co has hired private equity industry veteran Cathrin Petty to co-head its healthcare group in Europe, the Middle East and Africa (EMEA), anticipating a pick up in activity in the sector. Petty, who joins from British private equity firm Vitruvian Partners where she was a partner, will work alongside current head Rakesh Patel when she starts next week, according to a memo seen by Reuters.A JPMorgan spokeswoman confirmed the contents of the memo."Our EMEA investment banking healthcare team has become increasingly active over the last year with a number of major transactions," Vis Raghavan, head of EMEA banking at JPMorgan said in the memo.""To build on this momentum, I am pleased to announce that Cathrin Petty has joined the firm."

JPMorgan Chase & Co. (JPMorgan Chase) is a financial holding company. Shares of JPM traded higher by 0.85% or $0.47/share to $56.00. In the past year, the shares have traded as low as $46.05 and as high as $59.82. On average, 18198000 shares of JPM exchange hands on a given day and today's volume is recorded at 17060138.