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Friday, April 25, 2014

Senior JPMorgan deal maker Elliott to retire in June, (NYSE: JPM)

JPMorgan Chase & Co's global chairman of investment banking and veteran deal maker James Elliott will retire in June, according to an internal memo seen by Reuters.Elliott, who has worked on several prominent deals during his 35-year career, will leave the firm to spend more time on his ranch in Texas, Jeff Urwin, JPMorgan's co-head of global banking wrote in the memo obtained from JPMorgan by Reuters.Elliot joined JPMorgan in 1997 as a senior member of the mergers and acquisitions department."Jimmy has been instrumental in building our M&A franchise into the world class entity it is today," Urwin wrote.

JPMorgan Chase & Co. (JPMorgan Chase) is a financial holding company. Shares of JPM fell by 0.87% or $-0.49/share to $55.70. In the past year, the shares have traded as low as $46.98 and as high as $61.48. On average, 19578600 shares of JPM exchange hands on a given day and today's volume is recorded at 15939621.



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