Connect with us

Hi, what are you looking for?

Stock

Ex BofA executive Elfring joins JPMorgan as EMEA vice chair – memo

Stock Markets39 minutes ago (Jun 07, 2021 02:51PM ET)

(C) Reuters. FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar

By Pamela Barbaglia

LONDON (Reuters) – JPMorgan Chase & Co (NYSE:JPM) has tapped a former Bank of America Corp (NYSE:BAC) executive to take on a new role as vice chairman of investment banking for Europe, the Middle East and Africa as it battles for key advisory mandates to dominate a resurgent M&A market.

Bob Elfring is re-entering the M&A arena three years after leaving Bank of America where he led corporate and investment banking across EMEA between 2012 and 2018, according to a memo seen by Reuters.

The 62-year-old Dutchman will focus on strengthening JPMorgan’s presence outside Britain with an emphasis on the Benelux region where he will work closely with the bank’s senior country officer for the Netherlands, Cassander Verwey, the memo said.

Elfring has extensive knowledge of the Dutch market having started his career at ABN AMRO (AS:ABNd) in the capital markets and syndicate group in Amsterdam. He went on taking management positions at Rabobank, Amsterdamse Investeringsbank and MeesPierson.

The Netherlands is home to some of Europe’s biggest companies including technology investor Prosus (OTC:PROSF) NV which sold 2% of Tencent Holdings (OTC:TCEHY) for $14.7 billion in the world’s largest-ever block trade in April.

Before joining Bank of America, Elfring – who recently became an adviser to private equity firm CVC Capital Partners – worked at Credit Suisse (SIX:CSGN), where he was responsible for the investment banking coverage in Northern Europe and Benelux.

He moved to Switzerland, where he still lives, after the collapse of Lehman Brothers, where he worked for eight years in various roles including co-head of the global industrials group.

At JPMorgan he will report to the bank’s co-heads for EMEA investment banking, Dorothee Blessing and Conor Hillery.

Ex BofA executive Elfring joins JPMorgan as EMEA vice chair – memo

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

World News

Insomnia is the most common sleep disorder in the global population. Therefore, it is a problem that many people suffer or have suffered...

World News

George Soros and Bill Gates are part of a consortium acquiring a British developer of rapid-testing technology, including for Covid-19 and tropical diseases,...

Tech

If you parked your car in one of the thousands of parking spots across Calgary, there’s a good chance you paid the Calgary Parking...

Investing

ForexMay 27, 2021 02:04AM ET (C) Reuters. By Peter Nurse Investing.com — The dollar edged higher in early European trade Thursday, finding support from...

Disclaimer: Yourmorningvoice.com it's managers and its employees (collectively "The Company") do not make any guarantee or warranty about what is advertised or above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. Copyright © 2021 Your Morning Voice. All Rights Reserved